Wheaton Precious Metals Corp (WPM) 20 Days SMA touches 4.36%: The odds favor the bear

Wheaton Precious Metals Corp (NYSE: WPM) kicked off on Friday, up 3.28% from the previous trading day, before settling in for the closing price of $97.23. Over the past 52 weeks, WPM has traded in a range of $55.47-$103.81.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 43.30%. While this was happening, its average annual earnings per share was recorded 72.53%. With a float of $453.42 million, this company’s outstanding shares have now reached $453.95 million.

Wheaton Precious Metals Corp (WPM) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of Wheaton Precious Metals Corp is 0.12%, while institutional ownership is 66.01%.

Wheaton Precious Metals Corp (WPM) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.34 earnings per share (EPS), higher than consensus estimate (set at 0.33) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.67 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 72.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.07% 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

Take a look at Wheaton Precious Metals Corp’s (WPM) current performance indicators. Last quarter, stock had a quick ratio of 7.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 27.42. Likewise, its price to free cash flow for the trailing twelve months is 59.79.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.74, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 2.50 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 1.61 million, which is a drop from its year-to-date volume of 1.84 million. As of the previous 9 days, the stock’s Stochastic %D was 92.87%.

During the past 100 days, Wheaton Precious Metals Corp’s (WPM) raw stochastic average was set at 90.04%, which indicates a significant decrease from 97.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 2.24 in the past 14 days, which was lower than the 2.35 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $92.95, while its 200-day Moving Average is $76.79. However, in the short run, Wheaton Precious Metals Corp’s stock first resistance to watch stands at $101.74. Second resistance stands at $103.06. The third major resistance level sits at $105.41. If the price goes on to break the first support level at $98.07, it is likely to go to the next support level at $95.72. Should the price break the second support level, the third support level stands at $94.40.

Wheaton Precious Metals Corp (NYSE: WPM) Key Stats

The company with the Market Capitalisation of 45.59 billion has total of 453,955K Shares Outstanding. Its annual sales at the moment are 1,285 M in contrast with the sum of 529,140 K annual income. Company’s last quarter sales were recorded 503,220 K and last quarter income was 292,270 K.

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