Wheaton Precious Metals Hits 52-Week High: What's Driving the Stock?

Shares of Wheaton Precious Metals Corp. (WPM) scaled a new 52-week high of $64.27 on Wednesday before ending the session slightly lower at $61.30. The increase was fueled by rising gold prices. Wheaton Precious Metals currently has a market capitalization of $28 billion and a Zacks Rank #3 (Hold). What's Aiding Wheaton Precious Metals? Promising Long-term Production Guidance: The company expects production to increase 40% over the next five years and be more than 800,000 GEOs by 2028. This will primarily be ...