Let’s look at the key reasons that are pushing Wheaton Precious Metals Corp (WPM) to new highs

Wheaton Precious Metals Corp (NYSE: WPM) on Tuesday, plunged -1.03% from the previous trading day, before settling in for the closing price of $77.63. Within the past 52 weeks, WPM’s price has moved between $47.02 and $78.04.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 9.47%. The company achieved an average annual earnings per share of 36.55%. With a float of $453.12 million, this company’s outstanding shares have now reached $453.68 million.

In terms of profitability, gross margin is 67.79%, operating margin of 48.45%, and the pretax margin is 50.15%.

Wheaton Precious Metals Corp (WPM) Breakdown of a Key Holders of the stock

Observing investor behavior towards Gold industry stocks is more important than anything else. The insider ownership of Wheaton Precious Metals Corp is 0.12%, while institutional ownership is 65.15%.

Wheaton Precious Metals Corp (WPM) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 36.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.37% during the next five years compared to 43.30% growth over the previous five years of trading.

Wheaton Precious Metals Corp (NYSE: WPM) Trading Performance Indicators

Wheaton Precious Metals Corp (WPM) is currently performing well based on its current performance indicators. A quick ratio of 28.07 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 27.13. Likewise, its price to free cash flow for the trailing twelve months is 88.82.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.17, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 1.95 in one year’s time.

Technical Analysis of Wheaton Precious Metals Corp (WPM)

Looking closely at Wheaton Precious Metals Corp (NYSE: WPM), its last 5-days average volume was 1.76 million, which is a jump from its year-to-date volume of 1.63 million. As of the previous 9 days, the stock’s Stochastic %D was 79.36%. Additionally, its Average True Range was 1.94.

During the past 100 days, Wheaton Precious Metals Corp’s (WPM) raw stochastic average was set at 94.62%, which indicates a significant increase from 81.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.49% in the past 14 days, which was lower than the 30.58% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $69.01, while its 200-day Moving Average is $62.17. However, in the short run, Wheaton Precious Metals Corp’s stock first resistance to watch stands at $77.81. Second resistance stands at $78.78. The third major resistance level sits at $79.85. If the price goes on to break the first support level at $75.77, it is likely to go to the next support level at $74.70. Now, if the price goes above the second support level, the third support stands at $73.73.

Wheaton Precious Metals Corp (NYSE: WPM) Key Stats

Market capitalization of the company is 34.86 billion based on 453,677K outstanding shares. Right now, sales total 1,285 M and income totals 529,140 K. The company made 380,520 K in profit during its latest quarter, and 88,150 K in sales during its previous quarter.