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Wheaton Precious Metals surged to a 52-week high on strong earnings and trading volume.
Wheaton Precious Metals hit a 52-week high of C$165.81 on Friday, closing at C$165.18, up from C$159.04, on strong trading volume.
The company reported fourth-quarter earnings of C$0.62 per share, with a 50.05% net margin and C$663.15 million in revenue.
It declared a quarterly dividend of C$0.165 per share, yielding 0.4%, and operates streaming agreements with 21 active mines and 13 development projects, including major streams on Vale’s Salobo and Newmont’s Penasquito.
Despite a consensus “Buy” rating and a price target of C$134.43, the stock trades above that level.
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Los metales preciosos de Wheaton subieron a un máximo de 52 semanas gracias a las fuertes ganancias y al volumen de operaciones.