What Are Wall Street’s Thoughts On Wheaton Precious Metals Corp. Shares (WPM)?

The stock of Wheaton Precious Metals Corp. (NYSE:WPM) decreased by -$0.77 on Monday to finish at $38.88, down -1.94 percent. The last five days have seen an average of 2,400,980 shares of common stock traded. 17 times new highs were reached in the current year, with a fall of -$4.05. The average number of shares traded over the last 20 days was 2,190,515, while the average volume over the last 50 days totaled 2,590,904.

WPM stock appreciated 26.77% since last month. On 11/07/22, the company’s shares reached a one-month low of $33.72. The stock touched a high of $51.90 on 04/20/22, after rallying from a low of $28.62 in 52 weeks. The price of WPM stock has declined by -9.43% or -$4.05 this year, reaching a new high 17 times. Still, the stock price is down -25.09% from the 52-week high.

Valuation Metrics

Wheaton Precious Metals Corp. (WPM) has a trailing price-to-earnings (P/E) ratio of 22.10. Beta for the stock is 0.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 16.06, the price-to-book (PB) ratio of 2.68, and the price-to-cash flow ratio of 27.36.

Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.01 dividend increase was reported on Monday August 16 2021.

Financial Health

For the three months ended September 29, Wheaton Precious Metals Corp.’s quick ratio was 18.20, while its current ratio was 18.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 53.70% percent. Wheaton Precious Metals Corp.’s operating margin stood at 63.50% for the same period. Based on annual data, it had gross profit of $658.92 million and revenue of $1.2 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WPM’s return on assets (ROA) during the last 12 months has been 12.30%. There was a 12.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.40%.

Earnings Surprise

According to Wheaton Precious Metals Corp.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $861.33 million, while revenues rose by 7.82% to $0.0. It was predicted that Wheaton Precious Metals Corp.’s quarterly earnings would be $0.21, but it ended up being $0.22, beating the consensus by -4.50%. EBITDA was $148.44 million for the quarter. At the end of Wheaton Precious Metals Corp.’s most recent quarter ended September 29, its liabilities totaled 38.78 million, while its total debt was $2.15 million.

Technical Picture

Here’s a quick look at Wheaton Precious Metals Corp.’s (WPM) price momentum from a technical perspective. As of 05 December, the RSI 9-day stood at 59.90%, suggesting the stock is Neutral, with a 34.43% historical volatility rate.

The stochastic %K and %D were 78.66% and 84.95% respectively, while the average true range (ATR) was 1.10. Based on the 14-day stochastic reading of 63.21%, the RSI (14) reading is 61.26%. On the 9-day MACD Oscillator, the stock is at 0.88, and the 14-day reading is at 1.47.

Analyst Ratings

In its analyst report released on September 12, 2022, Goldman began covering Wheaton Precious Metals Corp. (NYSE: WPM). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Wheaton Precious Metals Corp. (WPM) an Buy rating. WPM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 13 others recommend it as a buy.

What is WPM’s price target for the next 12 months?

The current consensus forecast for the stock is between $37.45 and $60.00, with a median target price of $47.74. In analyzing these forecasts, the average price target given by analysts for Wheaton Precious Metals Corp. (WPM) is $47.74.

precious metals