Why should you keep an eye on Wheaton Precious Metals Corp (WPM)?

Wheaton Precious Metals Corp (NYSE: WPM) is 42.89% higher on its value in year-to-date trading and has touched a low of $51.96 and a high of $87.42 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 $78.50 in the last trading session, with the day’s gains setting it 1.86%.

Currently trading at $80.36, the stock is -1.53% and 2.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 2.37% at the moment leaves the stock 21.55% off its SMA200. WPM registered 43.71% gain for a year compared to 6-month gain of 36.11%.

The stock witnessed a -4.34% loss in the last 1 month and extending the period to 3 months gives it a 16.94%, and is 1.75% 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 2.24% over the week and 2.69% over the month.

Wheaton Precious Metals Corp (WPM) has around 44 employees, a market worth around $36.46B and $1.46B in sales. Current P/E ratio is 58.98 and Fwd P/E is 36.11. Profit margin for the company is 42.45%. Distance from 52-week low is 54.66% and -8.08% from its 52-week high. The company has generated returns on investments over the last 12 months (8.28%).

The EPS is expected to grow by 53.88% this year.

Wheaton Precious Metals Corp (WPM) Top Institutional Holders

The shares outstanding are 453.81M, and float is at 453.13M with Short Float at 0.85%.

The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 39.28 million shares valued at $2.06 billion. The investor’s holdings represent 8.6628% of the WPM Shares outstanding. As of 2024-06-30, the second largest holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with 21.11 million shares valued at $1.11 billion to account for 4.6547 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 19.98 million shares representing 4.4075% and valued at over $1.05 billion, while VANGUARD GROUP INC holds 3.7687 of the shares totaling 17.09 million with a market value of $895.78 million.