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WPM

Wheaton Precious Metals (WPM): Fibonacci Levels to WatchToday, our focus is on gold mining stocks, with earnings reports from Barrick Gold TVC:GOLD and Wheaton Precious Metals NYSE:WPM in the spotlight. We’ve zoomed out on the NYSE:WPM chart to assess the overall structure and identify longer-term opportunities. Building a portfolio with some exposure to the commodity market is, in our opinion, a solid strategy for diversification. NYSE:WPM appears highly correlated to Gold OANDA:XAUUSD and is currently sitting on a crucial trendline while hovering in the minimum target area for wave 3. A drop into the $78.5-$68.5 range seems plausible to establish the wave (iv). Ideally, the stock would then resume its upward trend, targeting higher Fibonacci levels for wave 3. In the broader picture, Wheaton Precious Metals responds well to trendlines, and a potential move into the $64.2-$52 zone could also occur over time. If Gold continues to rise, NYSE:WPM may follow suit, and during Gold’s peak, mining stocks like NYSE:WPM could outperform the physical commodity significantly. We are closely monitoring this setup and evaluating whether to execute it. Remember to always conduct your own research before making any investment decisions!
TSX:WPMLong
by freeguy_by_wmc
WPM: BREAK OUT OF HUGE WEDGEWheaton Precious Metals Corp ., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The Russian invasion of Ukraine has brought some tensions in international markets. With Russia being a major source of raw materials, metals and other commodities, the Russia-Ukraine crisis could affect the supply of these materials to the world and cause major inflation. WPM seems to be a good hedge against inflation and market volatility for the following months . Technically WPM is coming out of a huge wedge and could start a strong uptrend. Risk/reward ratio is good because u can place a stop loss below the breakout level. All levels/resistances are on the chart. Trade safe.
NYSE:WPMLong
by Elpidaldo
Wheaton Precious Metals 15%-30%+ Potential GainCompany Profile Sector : Materials Industry : Metals & Mining Company Location : Vancouver, BC Wheaton Precious Metals Corp.(WPM), a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 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. 12-Month Price Targets : Mean: $204.00 High: $300.00 Low: $157.00 News : 04:52 PM EST, 12/22/2021 (MT Newswires) -- New Gold(NGD) on Wednesday said it closed the US$300-million sale of a gold stream from the Blackwater project in British Columbia to Wheaton Precious Metals(WPM) The company sold Wheaton the stream it acquired from Artemis Gold(ARGTF) when it sold Artemis the Blackwater Project in August, 2020. The gold stream gives Wheaton 8% of the gold produced from Blackwater, dropping to 4% once 280,000 ounces of gold have been delivered.
NYSE:WPMLong
by thedailyinvestor
2
Vox Royalty DYORSpencer Cole, Executive Vice President of North America stated: "Vox is excited to announce its first Nevada gold royalty acquisition over a Carlin Trend project that is rapidly advancing towards feasibility completion in 2021 and a subsequent construction decision. Vox acquired this royalty from a family associated with the Nevada ranch where the South Railroad project is located. The royalty covers approximately 35% of the resource base at South Railroad and most of GSV's ongoing expansion drilling at Dark Star, Pinion and Jasperoid Wash. We look forward to further value being unlocked for Vox shareholders as the South Railroad Project is rapidly progressed towards production." www.juniorminingnetwork.com Transaction Highlights The acquisition provides exposure to one of Nevada's most rapidly advancing gold development projects at the pre-feasibility stage South Railroad Project ("South Railroad") that hosts a total resource estimate of 85Mt @ 0.7g/t Au, 4.1g/t Ag for 1.856Moz Au, 5.251Moz Ag(2). The Royalty covers large portions of the Dark Star, Pinion and Jasperoid Wash deposits at South Railroad as well as portions of the POD and Bald Mountain zones in the North Railroad portion ("North Railroad") of Railroad Pinion. GSV released an updated Pre-Feasibility Study on the Dark Star and Pinion deposits at South Railroad on March 24, 2020 ("PFS")(1), which envisaged an 8-year open pit, heap leach mine life producing a total of 923Koz, with 146Koz per annum expected to be produced in the first 5 years of operation at an all-in sustaining cost ("AISC") of US$707/ounce and initial capex of US$133M. GSV is expecting to release a feasibility study on South Railroad by 2021 year-end. Orion Mine Finance ("Orion"), a global alternative investment management firm with approximately US$6.3 billion under management as of 31 December 2020, has agreed to provide GSV with a term sheet to provide up to US$200 million of financing support to GSV, following the satisfaction of mutually agreed milestones, to help finance the construction of South Railroad. Vox Management Summary: The South Railroad royalty in Nevada covers approximately 35% of the 1.9Moz resource estimate(2) of a rapidly advancing gold project offering near-term development catalysts (2021 feasibility study completion), immediate annual cashflows to Vox of approximately C$120,000 in advance minimum royalty payments and, in the medium-term, royalty revenue generation potential of approximately C$250,000 – C$750,000 per annum averaged across the life of mine based on the PFS(1). Vox Royalty rapidly grows its portfolio of low-risk mining assets backed by cash and management experience www.proactiveinvestors.com Here's Why We're Not Too Worried About Vox Royalty's (CVE:VOX) Cash Burn Situation ca.finance.yahoo.com Financial Times markets.ft.com
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by TH_Analysis
WPM - It's Do-or-Die TimeFor WPM , it's getting very close to do-or-die time. A break above the red resistance range (with at least one daily close) would be SUPER bullish for WPM and the whole precious metals sector. However, should WPM break below the green support range (with at least one daily close), we would expect a lot more downside pressure to come to the precious metals sector. Which direction will it be? Are you prepared? The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
NYSE:WPM
by jstrasburger
1
WPM investment ideaWheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. The company's financials is excellent, both in terms of cash flow growth and growth in margins. Technically, it is an excellent daily point. I see 2 points for the entry, now and from 38.61. It is possible with short stops and reenters below,or average the position with the right risk. Cancellation of the scenario - if the price goes below 36.76. Targets - the first target is 45.87, will see the reaction. The second main target is 50.60. The investment is for 1-2 months. Operations in financial markets can bring both large potential profits and are associated with potential risks associated, among other things, with the effect of leverage and high volatility of instruments used in trading in financial markets. The provided forecast is a subjective analytical assessment of the situation in the financial market and in no way is it a recommendation for opening deals, investing and developing your own trading strategy.
NYSE:WPMLong
by DzenTrader
1
Could WPM Pass that $45 Threshold -> To the Moon!First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key insights. WPM had its 52 week high recently, is a relatively low cost gold stock compared to companies like RGLD, and is on track to potentially pass a $45 threshold which would be an all time high for the entire history of the stock symbol. It does seem to have a lot of potential at this moment.
NYSE:WPMLong
by gamer456148
1
Silver At 11-year LowThis precious metal is getting decimated after Chinese factory production(electronics) collapses in the month of February, down -12% in this trading session. This is going to be the deal of the century once a bottom is found as gold and silver are the only money to stand the test of time with over 5,000 years of recorded use as money, especially in a world where every central banks is currently hell-bent on devaluing their currencies. Silver took a dive at the beginning of the 2008 financial crisis, and then eventually exploded to new highs afterward. Once you understand the difference between money vs currency, you'll understand why gold and silver are important in the financial world. We're likely looking at sub-$10 silver/oz before the bleeding stops. Gonna be a bogo deal compared to prices last week.
TVC:SILVER
by PrepForProfit
SLV - Shaken . . . Not StirredWhere did this all come from? Dramatic market moves this past week even crashed silver and gold. Bonds were the only investment instrument that went unscathed. So much for the diversification theory that gold and silver would remain uncorrelated and offer protection in a weak market environment. Past debacles have shown that when margin call liquidations enter the market, everything goes down, but yesterday was a bit over the top, as were moves in many key companies across the board. As the dust settles, it's clear to see that SPX retraced 50% of it's recent move, DJI retraced .618% and Silver retraced a bit beyond 50% but thus far has not exceed .618 that could indicate a trend change. It's also important to note that yesterday's big move down still did not violate the top of Wave 1. In Elliott Wave rules, Wave 4 cannot violate Wave 1. Holding support here gives clues that SLV will rebound to the -.23 Fib level or 19.60. I held my nose and bought more physicals yesterday, as many of you also did. Also added to the equity positions of First Majestic Silver and Wheaton Precious Metals. Would like to pick up more RGLD if weakness continues. What are your favorite silver stocks?
AMEX:SLVLong
by Glewis54
4