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Wheaton Precious Metals Corp (WPM) Analysis & Opinions from Experts

Wheaton Precious Metals Corp (NYSE: WPM) is -10.50% 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 $44.42 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $44.16, the stock is 3.50% and -2.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -0.59% at the moment leaves the stock -0.65% off its SMA200. WPM registered 1.80% gain for a year compared to 6-month gain of -0.14%. The firm has a 50-day simple moving average (SMA 50) of $20.42 and a 200-day simple moving average (SMA200) of $26.32.

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The stock witnessed a -0.38% loss in the last 1 month and extending the period to 3 months gives it a -10.04%, and is -1.74% 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 2.26% over the week and 2.53% over the month.

Wheaton Precious Metals Corp (WPM) has around 42 employees, a market worth around $20.00B and $1.02B in sales. Current P/E ratio is 37.25 and Fwd P/E is 33.40. Profit margin for the company is 52.92%. Distance from 52-week low is 15.08% and -16.30% from its 52-week high. The company has generated returns on investments over the last 12 months (7.69%).

Wheaton Precious Metals Corp quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $275M over the same period.The EPS is expected to shrink by -4.15% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 28.20% in year-over-year returns.

Wheaton Precious Metals Corp (WPM) Top Institutional Holders

911 institutions hold shares in Wheaton Precious Metals Corp (WPM), with institutional investors hold 72.40% of the company’s shares. The shares outstanding are 453.07M, and float is at 452.34M with Short Float at 3.10%. Institutions hold 72.28% 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.

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