As this happened, 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 Friday, Wheaton Precious Metals Corp [NYSE:WPM] saw its stock jump 4.01% to $85.77. Over the last five days, the stock has gained 6.10%. Wheaton Precious Metals Corp shares have risen nearly 52.51% since the year began. Nevertheless, the stocks have risen 59.28% over the past one year. While a 52-week high of $87.42 was reached on 04/21/25, a 52-week low of $51.96 was recorded on 01/13/25. SMA at 50 days reached $77.44, while 200 days put it at $65.53.
Levels Of Support And Resistance For WPM Stock
The 24-hour chart illustrates a support level at 83.46, which if violated will result in even more drops to 81.14. On the upside, there is a resistance level at 87.32. A further resistance level may holdings at 88.86. The Relative Strength Index (RSI) on the 14-day chart is 61.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.33%. Stochastics %K at 67.10% indicates the stock is a holding.
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.
