Highly Traded Stock: Wheaton Precious Metals Corp. (WPM)

How Miners Rebounded in the Past Month

Is Wheaton Precious Metals Corporation (NYSE:WPM) a Buy? The Stock Reported Less Sellers

The company is expected to issue its next earnings results on Wednesday, November 8th.

The Stock had a 1.5 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.5 and 1.44 respectively. Quarterly performance of the company shows declining momentum of -0.40% while its last one month trend is positive with 2.41%. Silver Wheaton Corp. had 27 analyst reports since August 12, 2015 according to SRatingsIntel. Including today's unusual volume, Wheaton Precious Metals Corp.'s stock is performing at -1.45% on the year. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The business had revenue of $200 million during the quarter, compared to analysts' expectations of $217.81 million. Salem Investment Counselors Inc. now owns 5,383 shares of the mining company's stock valued at $113,000 after buying an additional 250 shares during the last quarter. The company's revenue was down 5.7% on a year-over-year basis. (WPM) on Thursday reported second-quarter net income of $67.6 million. (NYSE:SLW), 9 have Buy rating, 0 Sell and 3 Hold.

Separately, Canaccord Genuity dropped their target price on Wheaton Precious Metals Corp from C$35.00 to C$34.00 in a report on Friday.

Stock market capitalization can allow investors to understand the relative size of one company versus another, ignoring specifics about capital structure that cause the share price of one firm to be higher than another firm.

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Analysts await Wheaton Precious Metals Corp (TSE:WPM) to report earnings on August, 10 after the close.

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Hedge funds have recently added to or reduced their stakes in the company. Highland Capital Management Lp acquired 17,541 shares as Edwards Lifesciences Corp (EW)'s stock rose 25.80%. Integrated Investment Consultants LLC boosted its position in shares of Wheaton Precious Metals Corp by 6.2% in the first quarter. About 4.96 million shares traded or 97.61% up from the average. Silver Wheaton Corp has a 12 month low of $16.94 and a 12 month high of $31.09. The stock has a 50 day moving average of $25.19 and a 200-day moving average of $27.00.

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