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Wheaton Precious Metals Corp (WPM) up 3.36% since start of the year

Wheaton Precious Metals Corp (NYSE: WPM) is 3.36% higher 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 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 $50.06 in the last trading session, with the day’s gains setting it 0.94%.

Currently trading at $51.00, the stock is 9.77% and 13.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.8 million and changing 1.88% at the moment leaves the stock 14.34% off its SMA200. WPM registered 2.88% gain for a year compared to 6-month gain of 28.40%. The firm has a 50-day simple moving average (SMA 50) of $22.15 and a 200-day simple moving average (SMA200) of $29.80.

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The stock witnessed a 14.07% loss in the last 1 month and extending the period to 3 months gives it a 6.52%, and is 3.70% 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 3.08% over the week and 2.63% over the month.

Current P/E ratio is 43.02 and Fwd P/E is 36.19. Profit margin for the company is 52.92%. Distance from 52-week low is 32.90% and -3.34% 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 $0.28 with sales reaching $292M over the same period.The EPS is expected to grow by 0.47% this year, but quarterly earnings will post 15.10% year-over-year. Quarterly sales are estimated to grow 36.20% in year-over-year returns.

Wheaton Precious Metals Corp (WPM) Top Institutional Holders

897 institutions hold shares in Wheaton Precious Metals Corp (WPM), with institutional investors hold 71.63% of the company’s shares. The shares outstanding are 453.07M, and float is at 452.32M with Short Float at 3.10%. Institutions hold 71.51% 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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