Silver Wheaton Corp (SLW) : Traders are bullish on Silver Wheaton Corp (SLW) as it has outperformed the S&P 500 by a wide margin of 9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.37% in the last 1 week, and is up 11.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Silver Wheaton Corp (NYSE:SLW): The stock opened at $28.47 on Friday but the bulls could not build on the opening and the stock topped out at $28.90 for the day. The stock traded down to $28.36 during the day, due to lack of any buying support eventually closed down at $28.81 with a loss of -1.20% for the day. The stock had closed at $29.16 on the previous day. The total traded volume was 5,815,922 shares.
The stock has recorded a 20-day Moving Average of 7.55% and the 50-Day Moving Average is 22.87%. Silver Wheaton Corp. is up 48.12% in the last 3-month period. Year-to-Date the stock performance stands at 133.24%.
Silver Wheaton Corp (SLW) : The consensus price target for Silver Wheaton Corp (SLW) is $28.87 for the short term with a standard deviation of $4.5. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $34, however, the pessimist price target for the company is $18.
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.