Investors rushed to trade on Wheaton Precious Metals Corp. (NYSE: WPM) Thursday, soon after a drastic change of -0.46% in the share price was observed and the stock become able to close its trade at $19.36.
Wheaton Precious Metals is currently overpriced based on my relative valuation model. I've used the price-to-equity ratio in this instance because there's not enough visibility to forecast its cash flows.
Analyst Recommendation (press release) (blog) - 12 hours ago
20 SMA Movement: 20 SMA is vital for short-term trend followers of Wheaton Precious Metals Corp. (WPM). Analyzing recent price of WPM with 20 SMA we see that stock price is trading below from the 20 SMA.
Silver prices were also down in the evening before markets re-opened today. Maxwell Gold, director of investment strategy and research at ETF Securities, expects silver to outperform the yellow metal in 2018.
To give you a quick background about the streaming and royalty business, Royal Gold and Wheaton do not extract metals but buy them from mining companies like Barrick and Goldcorp. It works something like this: When miners need funds to support ...