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Wheaton Precious Metals Corp. (WPM) Volatility At 3.79%, Should You Add A Position?

Wheaton Precious Metals Corp. (NYSE: WPM) is -26.21% lower on its value in year-to-date trading and has touched a low of $29.66 and a high of $51.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WPM stock was last observed hovering at around $31.72 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $50.97 for the next 12 months. It is also 48.9% off the consensus price target high of $62.00 offered by 18 analysts, but current levels are 14.17% higher than the price target low of $36.91 for the same period.

Currently trading at $31.68, the stock is -0.80% and -3.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.27 million and changing -0.13% at the moment leaves the stock -21.46% off its SMA200. WPM registered -23.16% loss for a year compared to 6-month loss of -34.14%.

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The stock witnessed a -1.37% gain in the last 1 month and extending the period to 3 months gives it a -17.18%, and is -3.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.79% over the week and 3.19% over the month.

Wheaton Precious Metals Corp. (WPM) has around 44 employees, a market worth around $14.12B and $1.16B in sales. Current P/E ratio is 19.52 and Fwd P/E is 24.31. Profit margin for the company is 63.40%. Distance from 52-week low is 6.83% and -38.97% from its 52-week high. The company has generated returns on investments over the last 12 months (12.10%).

Wheaton Precious Metals Corp. (WPM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Wheaton Precious Metals Corp. (WPM) is a “Buy”. 18 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 1 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Wheaton Precious Metals Corp. is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 48.30% this year

Wheaton Precious Metals Corp. (WPM) Top Institutional Holders

The shares outstanding are 451.52M, and float is at 449.83M with Short Float at 3.01%.

Wheaton Precious Metals Corp. (WPM): Who are the competitors?

The company’s main competitors (and peers) include Hecla Mining Company (HL) that is -26.50% lower over the past 12 months. Coeur Mining Inc. (CDE) is -50.16% down on the 1-year trading charts.

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