$Wheaton Precious Metals(WPM)$ I closed positions after a short term scalp. Cheers 🥂 WPM❣️ I'm expecting a pullback in the Market in the next day or so and getting positioned for that. 🚨 Risk off. Raise cash.
Take gains. Small caps looking ok. $Silver - main 2412(SImain)$ will pullback with the Market. Everything will come in and pullback. 🔻 Dow is down 0.70%, coming in. 🔻S&P down 0.53% 🔻 Nasdaq 0.47%
$SPDR S&P 500 ETF Trust(SPY)$ needs to hold support. It's bouncing right now.
Stay sharp, protect your portfolio and happy trading ahead, Cheers, BC 🍀
@Tiger_comments @TigerPM @TigerObserver @TigerWire @Daily_Discussion @TigerPicks @TigerGPT @TigerStars
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Please find below the analysis of Wheaton Precious Metals (WPM):
Company Overview:Wheaton Precious Metals is a precious metals streaming company that primarily engages in the exploration, extraction, and sale of silver and gold. The company provides upfront capital to mining companies in exchange for the right to purchase a percentage of their future precious metals production at a fixed price.
Industry Outlook:The precious metals industry is influenced by various factors, including global economic conditions, interest rates, inflation, currency fluctuations, and geopolitical tensions. As a result, the industry's performance is closely tied to supply and demand dynamics for precious metals, particularly silver and gold.
Earnings Forecast:According to the earnings forecast, the company is expected to report the following earnings per share (EPS) and gross income figures:
2024FY: EPS forecast of $1.44 and gross income forecast of $1.29 billion
2025FY: EPS forecast of $1.76 and gross income forecast of $1.59 billion
2026FY: EPS forecast of $1.72 and gross income forecast of $1.60 billion
Analyst Recommendation:Based on analyst recommendations, there are 3 "recommend" ratings, 9 "buy" ratings, and 2 "hold" ratings for Wheaton Precious Metals.
Analyst Target Price:13 analysts have provided target price estimates for the stock. The mean target price is $69.86346, with a low estimate of $55.29 and a high estimate of $80.0.
Capital Flow Data (5 Day):The recent capital flow data for Wheaton Precious Metals shows the following:
10/14: Net outflow of -638.24K units
10/15: Net outflow of -250.04K units
10/16: Net inflow of 1.0656M units
10/17: Net inflow of 1.50604M units
10/18: Net inflow of 5.06238M units
Support and Resistance Price:The support price on 10/18 was $61.65, while the resistance price was $66.55.
Stock Price:As of 10/21, the stock price for Wheaton Precious Metals is $67.35.
Key Financial Ratios (2024Q2):
EPS: 0.27
Return on Equity (ROE): 6.87%
Gross Profit Margin: 81.94%
Quick Ratio: 26.65
Current Ratio: 26.86
Total Asset Turnover: 0.17
Return on Investment: 5.95%
Operating Cash Flow to Current Liabilities Ratio: 45.06
Fixed Asset Turnover: 0.18
Accounts Receivable Turnover Ratio: 177.04
Net Assets per Share: $15.78
Total Liabilities to Total Assets Ratio: 0.08%
Net Profit Margin: 40.90%
Summary:Based on the analysis, Wheaton Precious Metals has shown positive financial performance and is expected to continue growing in the future. The stock has received favorable recommendations from analysts, with a mean target price of $69.86346. The recent capital flow data indicates net inflows for the stock. However, it's important to consider the inherent risks in the stock market and the normal fluctuations in stock prices when making investment decisions.
Please note that this analysis is for informational purposes only and should not be considered as investment advice. It is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.