On a relative basis, the stock has outperformed the S&P 500 by 19.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.89% in the last 1 week, and is up 24.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 11.46% and the 50-Day Moving Average is 23.74%.
Silver Wheaton Corp (NYSE:SLW): The stock opened at $25.88 on Friday but the bulls could not build on the opening and the stock topped out at $26.33 for the day. The stock traded down to $25.80 during the day, due to lack of any buying support eventually closed down at $26.02 with a loss of -0.91% for the day. The stock had closed at $26.26 on the previous day. The total traded volume was 3,460,731 shares.
Institutional Investors own 50.06% of Silver Wheaton Corp shares.
Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31, 2014, Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to 27 different mining assets, whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract, generally at or below the prevailing market price. As of December 31, 2014, gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu, Lagunas Norte and Pierina in Peru; 777, Canada; Salobo, Brazil; Sudbury and Minto in Canada; Veladero, Argentina; Zinkgruvan, Sweden, and Neves-Corvo and Aljustrel in Portugal.