On September 4, Wheaton Precious Metals fell 3.58% in pre-market trading, trading at $151.11/share, with turnover of $416,300. The decline came after the stock had rebounded sharply in the prior session, closing at $156.63 with a 3.79% gain.

On the news front, spot gold recently broke below the $4,600/oz level, while rising long-end U.S. Treasury yields and warming expectations of a Federal Reserve rate hike have continued to weigh on the precious metals sector. The broad-based selling pressure across gold miners reflected the macro headwinds. Within the Gold sector, Coeur Mining fell 4.34%, Kinross dropped 3.77%, Newmont Mining declined 3.17%, Agnico Eagle Mines lost 3.21%, and Barrick Mining Corporation slipped 2.97%.

Wheaton Precious Metals is a precious metals streaming company that generates revenue primarily through purchase agreements with global mines for gold, silver, palladium, and cobalt production. The company is headquartered in Vancouver, Canada.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)