Why Wheaton Precious Metals Stock Slumped by Nearly 14% in June
Over the past year, there have been banner months for gold and silver bugs. June wasn't one of them.
Overview
Wheaton Precious Metals (NYSE: WPM) was hardly a golden stock in June. Although the company operates under something of an offbeat business model in the precious metals mining industry, it's nevertheless subject to movements in the prices of such goods. Which, to put it mildly, were generally decreasing that month. This dampened enthusiasm for Wheaton's equity, and it fell by nearly 14%.
Every investor nurses a secret hope that a rally in their chosen asset or asset class will last forever. For a few months late in 2025 and early this year, it seemed that might just be the case with gold, silver, and other valuable minerals.
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Originally published at www.fool.com.