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Are we looking at the next big move in Wheaton Precious Metals Corp. (WPM)?

Wheaton Precious Metals Corp. (NYSE: WPM) is 16.15% higher on its value in year-to-date trading and has touched a low of $28.62 and a high of $51.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WPM stock was last observed hovering at around $45.22 in the last trading session, with the day’s gains setting it 0.17% off its average median price target of $49.08 for the next 12 months. It is also 24.35% off the consensus price target high of $60.00 offered by 17 analysts, but current levels are -13.48% lower than the price target low of $40.00 for the same period.

Currently trading at $45.39, the stock is 7.57% and 13.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing 0.38% at the moment leaves the stock 20.45% off its SMA200. WPM registered 8.82% gain for a year compared to 6-month gain of 39.66%.

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The stock witnessed a 13.45% loss in the last 1 month and extending the period to 3 months gives it a 44.97%, and is 1.93% up 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 1.98% over the week and 2.31% over the month.

Wheaton Precious Metals Corp. (WPM) has around 44 employees, a market worth around $20.36B and $1.11B in sales. Current P/E ratio is 25.80 and Fwd P/E is 37.30. Profit margin for the company is 71.80%. Distance from 52-week low is 58.60% and -12.55% 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”. 17 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”. 13 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 05/10/2023.The EPS is expected to grow by 48.30% this year.

Wheaton Precious Metals Corp. (WPM) Top Institutional Holders

The shares outstanding are 451.76M, and float is at 450.01M with Short Float at 3.36%.

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

The company’s main competitors (and peers) include Hecla Mining Company (HL) that is 13.87% higher over the past 12 months. Coeur Mining Inc. (CDE) is -21.70% down on the 1-year trading charts.

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