Wheaton Precious Metals ( (TSE:WPM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Wheaton Precious Metals shares have been sliding mainly because investors and analysts are rethinking what the stock is worth, rather than reacting to any big company news. Recent reports show analysts have shifted to a more neutral stance, and some automated services have even issued downgrades. With no strong earnings surprises, major announcements, or wider market shocks to point to, the price movement looks tied to mixed analyst models and valuation reassessments, which have pushed the stock modestly lower from its recent trading range.
More about Wheaton Precious Metals
YTD Price Performance: 29.94%
Average Trading Volume: 2,006,672
Technical Sentiment Signal: Buy
Current Market Cap: $70.99B
For further insights into WPM stock on TipRanks’ Stock Analysis page.
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