Shares of Silver Wheaton Corp (SLW) Sees Large Inflow of Net Money Flow

Silver Wheaton Corp (SLW) : Investors lapped up stocks on upticks to the tune of $10.92 million in the Fridays trading session. The trading value on downticks was comparatively at $8.63 million and the uptick to downtick ratio of 1.27 indicates continuous buying by the bulls. The net money flow into the stock was $2.29 million. Upticks saw transactions worth $2.22 clearly indicating buying by large investors. The total money flow for block trades stood at $2.22 million, which is a positive for the stock in the long-term. Silver Wheaton Corp (SLW) fell $0.05 during the day at $26.08, a drop of -0.19% over the previous days close. However, for the week, the stock is 0.23%, compared to the previous week.


Silver Wheaton Corp (SLW) stock is expected to deviate a maximum of $5.08 from the average target price of $25.66 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $32 and the most muted being $17.

Silver Wheaton Corp (NYSE:SLW): stock turned positive on Friday. Though the stock opened at $25.92, the bulls momentum made the stock top out at $26.18 level for the day. The stock recorded a low of $25.82 and closed the trading day at $26.15, in the green by 0.08%. The total traded volume for the day was 3,389,918. The stock had closed at $26.13 in the previous days trading.

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.

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