Taking this into account, A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. National Bank Financial also remained covering WPM and has increased its forecast on October 10, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. TD Securities revised its rating on March 18, 2024. It rated WPM as “a Buy” which previously was an “a Hold”.
Price Performance Review of WPM
On Monday, Wheaton Precious Metals Corp [NYSE:WPM] saw its stock jump 1.35% to $85.14. Over the last five days, the stock has gained 3.66%. Wheaton Precious Metals Corp shares have risen nearly 51.39% since the year began. Nevertheless, the stocks have risen 61.65% over the past one year. While a 52-week high of $86.20 was reached on 04/21/25, a 52-week low of $50.91 was recorded on 01/13/25. SMA at 50 days reached $73.39, while 200 days put it at $63.84.
Levels Of Support And Resistance For WPM Stock
The 24-hour chart illustrates a support level at 83.83, which if violated will result in even more drops to 82.51. On the upside, there is a resistance level at 86.94. A further resistance level may holdings at 88.73. The Relative Strength Index (RSI) on the 14-day chart is 70.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.76%. Stochastics %K at 88.05% indicates the stock is a selling.
How much short interest is there in Wheaton Precious Metals Corp?
A steep rise in short interest was recorded in Wheaton Precious Metals Corp stocks on 2025-03-31, growing by 0.15 million shares to a total of 3.79 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.64 million shares. There was a rise of 3.92%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 29, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $49 price target.
