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$Wheaton Precious Metals(WPM)$ 🔺📈🔺

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💥💎⚡ WPM: The Precious Metals Powerhouse💎 Gold, Silver, Platinum Surge! ⚡💎💥

Let’s jump into the golden opportunity of Wheaton Precious Metals (WPM)! Riding the surge in gold, silver, and platinum prices, WPM is also benefitting from institutional money flow and sustainability trends. With my +2.43% unrealised P&L, this isn’t just a stock, it’s a front-row seat to safe-haven gains. 📈💥💎

Wheaton Precious Metals Corp. stock rises Friday, outperforms market

Source: MarketWatch

Shares of Wheaton Precious Metals Corp. WPM advanced 4.61% to C$91.81 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.53% to 24,822.54.

Wheaton Precious Metals Corp. hit a new 52-week high, surpassing its previous peak of C$88.14, which the company achieved on October 17th.

Trading volume of 640,688 shares remained below its 50-day average volume of 694,130.

📊 Market Snapshot:

   •   Last Price: $66.68

   •   Average Price: $65.10

   •   52-Week High: $66.75

   •   52-Week Low: $38.57

   •   Forward P/E: 46.19

   •   Unrealised P&L: +2.43%

WPM continues to dominate by securing low-cost, long-term access to gold, silver, and palladium globally. Their streaming model ensures profits even in volatile markets, placing them ahead of traditional mining companies. 🌍💰

🔔 Precious Metals Boom: Costco Enters the Game:

Even Costco is capitalising on the gold, silver, and platinum demand—another indicator of safe-haven asset appetite! 🛒 Costco’s foray into precious metals sales has been a roaring success, with gold bars, silver coins, and platinum bars flying off the shelves. They’re even selling out $200M in gold bars per month! 🌟

   •   Gold Bars: Priced at $2,689.99 per ounce and selling out within hours.

   •   Platinum Bars: A new addition, priced at $1,089.99 for a 1-ounce bar. The demand for platinum has surged 14% in the past year .

🔥 WPM is Riding the Precious Metals Wave:

1. Precious Metal Prices Surge:

      •   Gold: Approaching $1,950/oz 📈

      •   Silver: Nearing $23/oz, boosting WPM’s revenues.

      •   Platinum: Up 14% year-over-year, with growing demand .

2. Institutional Investors Jumping In:

Hedge funds and institutional investors are pouring into WPM, viewing it as a safe-haven play amidst market volatility. Institutional ownership jumped double digits in Q3, signalling confidence in WPM’s low-risk, high-reward streaming model. 🚀

3. Chart Setup for a Breakout:

The technical chart shows a cup-and-handle breakout pattern, with resistance at $65.80. Momentum is building, with a likely breakout to $85+. Support remains strong at $64.40 to $64.74, giving WPM solid footing for continued gains. 📊

📰 Top Analyst & Hedge Fund Commentary:

🟢 Jefferies: Raised the target price to $77, citing WPM’s low-cost production and ability to capitalise on rising precious metal prices.

🟢 RBC: Reaffirmed their Buy rating with a target of $80-85, emphasising the value of WPM’s sustainability initiatives.

Hedge funds view WPM as a top performer in the precious metals sector, betting on gold, silver, and platinum to hedge against inflation and market volatility. With 64% of analysts rating WPM as a Buy, the outlook is clearly bullish. 💼🏆

🌍 WPM’s ESG Focus & Future Growth:

Wheaton’s Future of Mining Challenge, offering $1M for sustainable mining innovations, puts the company at the forefront of ESG investing. In an era where institutional investors favour companies with strong environmental credentials, WPM stands out.

WPM’s commitment to reducing emissions and improving mining efficiency is both a sustainability win and a growth driver. ESG-aligned companies have shown better long-term performance, and WPM is positioning itself as a leader in the precious metals space. 🌱

🏆 WPM Outperforms Competitors:

WPM’s streaming agreements are the key to its outperformance over competitors like Franco-Nevada (FNV) and Royal Gold (RGLD). By locking in prices on future production, WPM enjoys higher profit margins without the risks of traditional mining.

Compared to its competitors, WPM has surged +20% more in stock performance over the last quarter. This makes it a clear leader in the precious metals streaming sector, with double the institutional buy-in. 🏅

💥 The Bottom Line: A Precious Opportunity:

With gold, silver, and platinum prices soaring, and $Costco(COST)$ proving the massive demand for these metals, WPM is the perfect stock to ride the safe-haven trend. The technicals point to a breakout above $85, and hedge fund activity is reinforcing WPM’s long-term potential. Plus, its ESG efforts make it a future-proof investment. 🔥

💬 Fun Fact: 

WPM’s streaming model means it buys future metal production at fixed prices, ensuring profits no matter the market conditions. This sets WPM apart as one of the most reliable performers in the sector. 🎯

🔑 Tiger 🐅 traders 🤔 Will you capitalise on this precious metals wave? With rising prices, institutional backing, and WPM’s innovative business model, now is the time to secure your position. Are you ready to ride the wave to $85 and beyond? 🌊💰

Happy trading ahead. Cheers, BC 🍀 @Tiger_comments @TigerPicks @TigerObserver @TigerStars @TigerGPT @TigerPM @Daily_Discussion