Wheaton Precious Metals Corp (NYSE:WPM) price is hovering higher on Wednesday, April 17, jumping 2.89% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $51.26. The company’s P/E ratio in the trailing 12-month period read 44.48. Taking into account the 52-week price action we note that the stock hit a 52-week high of $54.30 and 52-week low of $38.37. The stock added 19.43% on its value in the past month.
Wheaton Precious Metals Corp, which has a market valuation of $23.91 billion. The company stock has a Forward Dividend ratio of 0.60, while the dividend yield is 1.15%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give WPM a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 9.08. The overview shows that WPM’s price is at present 8.78% off the SMA20 and 15.91% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 70.03, with weekly volatility standing at 4.19%. The indicator jumps to 3.08% when calculated based on the past 30 days. Wheaton Precious Metals Corp (NYSE:WPM)’s beta value is holding at 0.76, while the average true range (ATR) indicator is currently reading 1.58.
An analysis of the Wheaton Precious Metals Corp (NYSE:WPM) stock in terms of its daily trading volume indicates that the 3-month average is 2.24 million.
Current records show that the company has 453.07M in outstanding shares. The insiders’ percentage holdings are 0.17% of outstanding shares while the percentage share held by institutions stands at 67.73%. But the 6.89% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
