Wheaton Precious Metals Corp (WPM) Stock: What Does the Chart Say Friday?

Overall market sentiment has been high on Wheaton Precious Metals Corp (WPM) stock lately. WPM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Wheaton Precious Metals Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WPM!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WPM Stock Today?

Wheaton Precious Metals Corp (WPM) stock is lower by -0.87% while the S&P 500 is higher by 0.59% as of 1:26 PM on Friday, Oct 15. WPM is lower by -$0.36 from the previous closing price of $41.44 on volume of 796,938 shares. Over the past year the S&P 500 has risen 27.97% while WPM is lower by -19.18%. WPM earned $1.41 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 29.18. To screen for more stocks like Wheaton Precious Metals Corp click here.

More About Wheaton Precious Metals Corp

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine. Click Here to get the full Stock Report for Wheaton Precious Metals Corp stock.