Wheaton Precious Metals Corp. (NYSE:WPM) current P/S is an unimpressive 13.11. The overall Precious Metals group has an average P/S ratio of 1.22, which is significantly better than the sector’s 2.78.
WPM traded at an unexpectedly low level on 07/15/2019 when the stock experienced a 0.25% gain to a closing price of $24.17. The company saw 1249216 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 1677120 shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 38.6% move, based on the high target price ($33.5) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $28.91 price target, but the stock is already up 60.28% from its recent lows. However, the stock is trading at -4.24% versus recent highs ($25.24). Analysts believe that we could see stock price minimum in the $23 range (lowest target price), allowing for another -4.84% drop from its current position. Leading up to this report, we have seen a 5.04% rise in the stock price over the last 30 days and a 4.54% increase over the past 3 months. Overall, the share price is up 23.76% so far this year. Additionally, the stock had a day price range of $23.805 to $24.29.Wheaton Precious Metals Corp. (WPM) Price Potential
Heading into the stock price potential, Wheaton Precious Metals Corp. needs to grow just 24.12% to cross its median price target of $30. In order to determine directional movement, the 50-day and 200-day moving averages for Wheaton Precious Metals Corp. (NYSE:WPM) are $23.26 and $21.82. Given that liquidity is king in the short-term, WPM is a stock with 451.34 million shares outstanding that normally trades 1.76% of its float. The stock price recently experienced a 5-day gain of 3.33% with 0.59 average true range (ATR). WPM has a beta of -0.01 and RSI is 59.61.
Investors also need to beware of the McEwen Mining Inc. (NYSE:MUX) valuations. The stock trades on a P/S of 6.04, which suggests that the shares are attractive compared with peers. The broad Precious Metals industry has an average P/S ratio of 6.54, which is significantly worse than the sector’s 2.78.McEwen Mining Inc. (MUX)’s Lead Over its Technicals
McEwen Mining Inc. by far traveled 40.65% versus a 1-year low price of $1.23. The share price was last seen 0% lower, reaching at $1.73 on Jul. 15, 2019. At recent session, the prices were hovering between $1.71 and $1.75. This company shares are 52.02% off its target price of $2.63 and the current market capitalization stands at $630.22M. The recent change has given its price a 13.35% lead over SMA 50 and -31.35% deficit over its 52-week high. The stock witnessed 10.9% gains, 26.28% gains and -4.42% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MUX’s volatility during a week at 4.27% and during a month it has been found around 5.8%.
McEwen Mining Inc. (MUX) exchanged hands at an unexpectedly low level of 1235664 shares over the course of the day. Noting its average daily volume at 2188580 shares each day over the month, this signifies a pretty significant change over the norm.McEwen Mining Inc. Target Levels
The market experts are predicting a 73.41% rally, based on the high target price of $3 for McEwen Mining Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $1.75 range (lowest target price). If faced, it would be a 1.16% jump from its current position. Overall, the share price is down -4.95% year to date [T2].