Stock Rating Downgrade
In recent days the Value Trend Rating for Wheaton Precious Metals Corp (NYSE: WPM) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 11/29/24, Wheaton Precious Metals Corp (NYSE: WPM) stock rose modestly by 1.0%, closing at $62.33. However, this advance was accompanied by exceptionally low trading volume at 20% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.0% during the last week.
Current PriceTarget Research Rating
Wheaton Precious Metals has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Wheaton Precious Metals has a slightly negative Appreciation Score of 32 but a very high Power Rating of 91, triggering the High Neutral Value Trend Rating.
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