Momentum Stock Watch: Wheaton Precious Metals Corp. (WPM)

Company Profile:

Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

Recent News:

In the fourth quarter of 2017, Wheaton generated over $165 million of operating cash flow, resulting in over $535 million for the year. Revenue was $243 million in the fourth quarter of 2017, on sales volume of 7.3 million ounces of silver and 94,300 ounces of gold.

On Feb. 26, 2018, the company announced the appointment of Marilyn Schonberner to the Board of Directors of the Company. Ms. Schonberner is the Chief Financial Officer and Senior Vice President, and an Executive Director, of Nexen Energy ULC.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

WPM’s strengths can be seen in its strong profitability compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic Oscillator. The RSI is rising and in the bullish zone with the MACD also moving higher. We rate Wheaton Precious Metals Corp. (WPM) a STRONG BUY.

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