WPM Stock Summary and Trading Ideas (Wheaton Precious Metals Common Shares (Canada) | NYSE:WPM)

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.

Wheaton Precious Metals Common Shares (Canada) trades on the NYSE stock market under the symbol WPM.

As of April 17, 2024, WPM stock price climbed to $52.67 with 2,716,104 million shares trading.

WPM has a beta of 0.61, meaning it tends to be less sensitive to market movements. WPM has a correlation of 0.05 to the broad based SPY ETF.

WPM has a market cap of $23.85 billion. This is considered a Large Cap stock.

Last quarter Wheaton Precious Metals Common Shares (Canada) reported $313 million in Revenue and $.36 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.03.

In the last 3 years, WPM stock traded as high as $54.30 and as low as $28.62.

The top ETF exchange traded funds that WPM belongs to (by Net Assets): GDX, SIL, INFL, CGGR, GOAU.

WPM stock has underperformed the market in the last year with a return of +7.2%, while SPY returned +22.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WPM shares. However, WPM has outperformed the market in the last 3 month and 2 week periods, returning +14.7% and +3.1%, while SPY returned +6.3% and -3.6%, respectively. This indicates WPM has been having a stronger performance recently.

WPM support price is $49.97 and resistance is $52.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WPM stock will trade within this expected range on the day.