Companies Reporting Before The Bell
• DISH Network (NASDAQ:DISH) is likely to report quarterly earnings at $0.91 per share on revenue of $4.45 billion.
If history is any guide, there may be trouble ahead for shares of Wheaton Precious Metals(NYSE:WPM). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Real interest rates are likely to turn “increasingly negative” given the massive global debt outstanding and gold prices are inversely correlated with real rates, according to KeyBanc Capital Markets.
Bank of America has lowered its price forecasts for gold, silver and copper and cut price targets for several of its top precious metal stock picks.
The Analyst: Bank of America analyst Michael Jalonen lowered price targets for 18 precious metal stocks, including the following names:
Wheaton Precious Metals (NYSE:WPM) declared a dividend payable on September 9, 2021 to its shareholders as of August 12, 2021. It was also announced that shareholders of Wheaton Precious Metals's stock as of August 27, 2021 are entitled to the dividend.
Sandstorm Ltd (NYSE: SAND) announced it would finally become a dividend-paying company by the end of this year. And despite this being some long-awaited news by its shareholders, the gold royalties firm from Canada had a lukewarm second quarter with revenues lower than expected.