Positives for Wheaton Precious Metals Corp (WPM) as stock gains in recent trading

Wheaton Precious Metals Corp (NYSE: WPM) is -7.80% lower on its value in year-to-date trading and has touched a low of $38.37 and a high of $52.76 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 $45.90 in the last trading session, with the day’s loss setting it -0.41%.

Currently trading at $45.49, the stock is -3.09% and -5.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.6 million and changing -0.89% at the moment leaves the stock 0.64% off its SMA200. WPM registered 4.19% gain for a year compared to 6-month gain of 3.32%. The firm has a 50-day simple moving average (SMA 50) of $21.07 and a 200-day simple moving average (SMA200) of $27.15.

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The stock witnessed a -5.76% loss in the last 1 month and extending the period to 3 months gives it a 7.24%, and is -3.62% 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 1.75% over the week and 2.29% over the month.

Wheaton Precious Metals Corp (WPM) has around Nov 27 2023 employees, a market worth around $20.61B and $938.62M in sales. Current P/E ratio is 38.51 and Fwd P/E is 34.38. Profit margin for the company is 57.03%. Distance from 52-week low is 18.54% and -13.78% from its 52-week high. The company has generated returns on investments over the last 12 months (7.82%).

Wheaton Precious Metals Corp quarterly earnings per share for the current quarter are estimated at $0.3 with sales reaching $271.94M over the same period.The EPS is expected to grow by 0.42% this year, but quarterly earnings will post -6.80% year-over-year. Quarterly sales are estimated to grow 15.20% in year-over-year returns.

Wheaton Precious Metals Corp (WPM) Top Institutional Holders

892 institutions hold shares in Wheaton Precious Metals Corp (WPM), with institutional investors hold 72.83% of the company’s shares. The shares outstanding are 453.00M, and float is at 452.34M with Short Float at 3.39%. Institutions hold 72.62% of the Float.

The top institutional shareholder in the company is Capital World Investors with over 31.99 million shares valued at $1.38 billion. The investor’s holdings represent 7.06% of the WPM Shares outstanding. As of Jun 29, 2023, the second largest holder is First Eagle Investment Management, LLC with 20.35 million shares valued at $879.68 million to account for 4.49% of the shares outstanding. The other top investors are Van Eck Associates Corporation which holds 19.09 million shares representing 4.21% and valued at over $825.03 million, while FMR, LLC holds 3.86% of the shares totaling 17.49 million with a market value of $756.03 million.

Wheaton Precious Metals Corp (WPM) Insider Activity

A total of 0 insider transactions have happened at Wheaton Precious Metals Corp (WPM) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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

The company’s main competitors (and peers) include Fortuna Silver Mines Inc. (FVI) that is trading -15.48% down over the past 12 months. Hecla Mining Co. (HL) that is -36.14% lower over the same period.