Silver Stock Spotlight; Silver Wheaton Review

Silver Wheaton Corp. (NYSE: SLW) shares are climbing in today's trading. The stock reached a high of $39.68 in mid-day trading, and at last check, it was up 1.66% to $39.09. Silver Wheaton shares have a 52-week range of $14.83-$46.38. The stock is currently trading above its 50-day and 200-day moving averages. Year-to-date the stock is up 0.49%. In the last one year the stock gained 140.53%.

Silver Wheaton earlier this month announced its fourth-quarter financial results. The company reported record quarterly results. The company reported fourth-quarter net earnings of $123 million or $0.35 per share, up from $50.8 million or $0.15 per share reported in the same period in 2009. The company's operating cash flow jumped 76% to $124.7 million in the fourth quarter.

Silver Wheaton reported attributable silver equivalent production of 6.3 million ounces in the fourth quarter of 2010, representing an increase of 10% over the same period in 2009. The company's silver equivalent sales increased 11% on a year-over-year basis to 5.7 million ounces.

For full year 2010, the company reported net earnings of $209.1 million or $0.84 per share, compared with $117.9 million reported in 2009. The company's operating cash flow jumped 93% to $319.8 million in the fourth quarter of 2010. The company's silver equivalent production stood at 23.9 million ounces in 2010. It reported silver equivalent sales of 20.5 million ounces in 2010.

The company expects 2011 attributable production of 27 to 28 million silver equivalent ounces, which included 15,000 ounces of golf. The company anticipates total 2011 cash costs to be around $4 silver equivalent ounce.

Silver Wheaton is a Vancouver, Canada-based mining company, generating its revenue mainly from the sale of silver.

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