Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Wheaton Precious Metals Corp. (WPM) , which belongs to the Zacks Mining - Miscellaneous industry. This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 18.97%. For the most recent quarter, Wheaton Precious Metals was expecte ...

VANCOUVER, BC, Oct. 9, 2024 /PRNewswire/ - Wheaton Precious Metals™ Corp. will release its 2024 third quarter results on November 7, 2024, after market close. RapidConnect URL: Click here Live webcast: Click here Dial toll free: 1-888-510-2154 or 1-437-900-0527 Conference Call ID: 48142 A conference call will be held on Friday, November 8, 2024, starting at 11:00 am ET (8:00 am PT) to discuss these results. To participate in the live call, please use one of the following methods: The accompanying slideshow ...

Company Overview - Wheaton Precious Metals Corp. (WPM) reached a 52-week high of $64.27 before closing at $61.30, driven by rising gold prices [1] - The company has a market capitalization of $28 billion and holds a Zacks Rank 3 (Hold) [1] Production Guidance - Wheaton Precious Metals anticipates a 40% increase in production over the next five years, expecting to exceed 800,000 GEOs by 2028 [2] - From 2029 to 2033, the company expects average attributable production to exceed 850,000 GEOs, factoring in additional production from various pre-development assets [4] Growth Drivers - Production growth will be primarily driven by operating assets such as Salobo, Antamina, Peñasquito, Voisey's Bay, and Marmato, along with several development projects [3] - The company has made strategic acquisitions, with eight acquisitions totaling over $1 billion in commitments in 2023, enhancing its growth plan [7] Financial Health - As of June 30, 2024, Wheaton Precious Metals is debt-free and has extended its undrawn $2 billion revolving credit facility, maturing on June 22, 2028 [5] - The company had $540 million in cash at the end of Q2 2024, with cash operating margins among the highest in the mining industry [5] Market Performance - Gold prices have increased by 25% year-to-date in 2024, reaching an all-time high of $2,600 per ounce, currently around $2,591 [8] - WPM shares have outperformed the industry, gaining 38.8% over the past year, while the industry has declined by 4.5% [10]

Core Viewpoint - Wheaton Precious Metals Corp. has launched the Future of Mining Challenge, offering US$1 million to support innovative technologies aimed at enhancing sustainability in the mining industry [1][2]. Group 1: Initiative Overview - The Future of Mining Challenge invites cleantech companies globally to propose solutions that can reduce greenhouse gas emissions in mining operations [2][3]. - The challenge emphasizes the need for scalable technologies applicable to both base and precious metal mining, aligning with Wheaton's commitment to sustainability [2][3]. Group 2: Company Commitment - Wheaton is dedicated to advancing technologies that improve operational efficiencies and minimize the environmental impact of mining activities [3]. - The company aims to ensure that mining can sustainably provide essential commodities for future generations [3]. Group 3: Support and Collaboration - Foresight Canada will support the challenge, focusing on identifying solutions that enhance productivity and profitability while addressing climate challenges [3][5]. - Foresight Canada has a track record of supporting over 1,280 companies, generating $511 million in revenue and creating over 8,760 green jobs [5]. Group 4: Timeline and Event - Applications for the Future of Mining Challenge will open on September 18, 2024, with the winner announced in March 2025 at the PDAC Convention in Toronto [3].

Core Insights - Wheaton | Bekins has appointed April Milner as the new Vice President of Sales, Marketing & Move Management, leveraging her extensive experience in the moving and storage industry [2][3][4]. Company Overview - Wheaton | Bekins is the fourth largest van line in the United States, providing transportation services through five household goods relocation brands [8]. - The company is headquartered in Indianapolis, Indiana, and partners with over 350 agents nationwide [8][9]. Leadership and Experience - April Milner has a strong background in the moving industry, having grown up in a family-owned moving company and holding various roles such as move coordinator and general manager [4][5]. - Milner's experience includes serving as Central Regional Sales Director, where she helped moving companies set goals and navigate challenges [4][5]. Strategic Initiatives - Milner has demonstrated adaptability during the pandemic by hosting webinars and creating podcasts to support agents [5]. - She aims to enhance the tools and resources available to the agency network, focusing on lead generation and vendor partnerships [6].

A month has gone by since the last earnings report for Wheaton Precious Metals Corp. (WPM) . Shares have added about 10.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Wheaton Precious Metals due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Wheaton Precious Metal ...

GeorgePeters Introduction I have been bullish on gold for a while. For example, last year, I wrote "Buy GDX Before Ir's Too Late." GDX is the VanEck Gold Miners ETF (GDX), which I often use as a proxy for this industry. Since then, gold miners have returned 36%. They have been supported by the price of gold, which has made its way above $2,500 per troy ounce. VAL 2511.20 Gold Price in US Dollars (I:GPUSD) 2511.20 1600.00 800.00 0.00 1980 1990 2000 2010 2020 Seeking AlphaQ Aug 30, 2024, 10:08 AM EDT Powered ...

Group 1 - Wheaton Precious Metals Corp. will host an Investor Day webcast on September 24, 2024, at 9:00 am Eastern Time [1] - The event will feature speakers including Randy Smallwood, President and CEO, along with the Wheaton Executive team and technical presentations from partners [3] - The conference call will be recorded and available until October 1, 2024, and the webcast will be accessible for one year [3] Group 2 - Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, boasting a high-quality portfolio of long-life, low-cost assets [4] - The company's business model provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies [4] - Wheaton delivers some of the highest cash operating margins in the mining industry, enabling competitive dividends and growth through accretive acquisitions [4]

Financial Data and Key Metrics Changes - The company generated $234 million in operating cash flows for Q2 2024, leading to record cash flows of over $450 million for the first half of the year, reflecting the effectiveness of its business model in leveraging rising commodity prices [3][14] - Revenue increased by 13% to $299 million compared to Q2 2023, with 61% attributable to gold and 37% to silver [12] - Adjusted net earnings amounted to $150 million, a $7 million increase from the prior year, despite the implementation of a 15% Global Minimum Tax [14] Business Line Data and Key Metrics Changes - Overall production in Q2 2024 was 147,000 gold equivalent ounces (GEOs), a 7% increase year-over-year, driven by higher production from Salobo, Zinkgruvan, and Peñasquito [11] - Salobo produced 63,200 ounces of attributable gold, a 23% increase from Q2 2023, while Constancia produced 450,000 ounces of attributable silver (up 7%) and 6,100 ounces of attributable gold (down 18%) [6][7] - Peñasquito produced 2.3 million ounces of attributable silver, a 30% increase from Q2 2023, primarily due to higher throughput [8] Market Data and Key Metrics Changes - The company remains liquid with $540 million in cash and a $2 billion undrawn revolving credit facility, providing strong flexibility for funding commitments and potential acquisitions [4][15] - Approximately 128,000 GEOs were in production but not yet delivered (PBND), representing about 2.9 months of table production, slightly increasing from the previous four quarters [12] Company Strategy and Development Direction - The company aims to achieve an overall production of approximately 550,000 to 620,000 GEOs in 2024, with a forecasted increase in production of over 40% to over 800,000 ounces by 2028 [10][11] - The corporate development team is actively evaluating new opportunities, with a focus on development stage funding and a healthy appetite for streaming as a source of capital for the mining industry [4][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver value through a diversified portfolio of long-life, low-cost assets and strong operating cash flows [17] - The company is well-positioned to capitalize on favorable commodity price trends and has a pipeline of de-risked development projects supporting its growth profile [17] Other Important Information - The company declared a quarterly dividend of $0.155 per share, a 3% increase from the prior year [15] - The implementation of the Global Minimum Tax resulted in a recorded tax expense of $51 million for the period ending June 30, 2024 [13][14] Q&A Session Summary Question: Expectations for Salobo's grades in 2025 and 2026 - Management indicated a slight drop in grades expected over the next couple of years, but an increase in throughput is anticipated as Salobo 3 ramps up [19][21] Question: Business development opportunities and deal sizes - The company is seeing a mix of opportunities, with a focus on development stage funding and a range of $100 million to $700 million for most deals [22][24] Question: Expected gold and silver production in the second half of the year - Management expects a split of about 52% in the first half and 48% in the second half, with potential weakening in gold production due to lower grades and impacts from a fire at Salobo [27][28] Question: Timing for completing deals - The typical timeline for completing a stream deal ranges from six to eight weeks, depending on the complexity and due diligence required [39][41]