Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Wheaton Precious Metals Corp (NYSE: WPM) improved recently. WPM’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Wheaton Precious Metals Corp (NYSE: WPM) stock rose modestly by 0.6% on 11/8/24. The stock closed at $64.82. Moreover, trading volume in this advance was unusually high at 151% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WPM is expected to continue to be a Value Builder.
Wheaton Precious Metals has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Wheaton Precious Metals has a slightly negative Appreciation Score of 32 but a very high Power Rating of 97, and the Positive Value Trend Rating results.
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