Why Wheaton Precious Metals Corp. [WPM] Stock Will Fly to $74.00 Over the Next 12 Months

Wheaton Precious Metals Corp. [WPM] has traded in a range of $18.66 to $57.89 in the last 1 year. As of this writing, the stock is at $42.27, up 5.36%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, WPM shares are 2.85% up with the monthly amount drift of -13.33% and seems bad in a long time frame.

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Analyst Birdseye View:

The most recent analyst activity for Wheaton Precious Metals Corp. [NYSE:WPM] stock was on August 20, 2020, when it was Downgrade with a Market perform rating from BMO Capital Markets. Before that, on November 09, 2020, Berenberg Recapitulated a Buy rating and elevated its amount target to $56. On July 20, 2020, Barclays Downgrade an Underweight rating and boosted its price target on this stock from $31 to $38. On May 18, 2020, Standpoint Research Downgrade a Hold rating. On May 15, 2020, RBC Capital Mkts Downgrade a Sector perform rating. On May 12, 2020, Deutsche Bank Downgrade a Hold rating and boosted its amount target on this stock to $42. On December 05, 2019, RBC Capital Mkts Resumed an Outperform rating. Barclays elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $18.66 and a peak of $57.89. Right now, according to Wall Street analyst the average 12-month amount target is $60.54. At the most recent market close, shares of Wheaton Precious Metals Corp. [NYSE:WPM] were valued at $42.27. According to the average price forecast, investors can expect a potential return of 0.28%.

FUNDAMENTAL ANALYSIS

Wheaton Precious Metals Corp. [NYSE:WPM] most recently reported quarterly sales of 409.44 billion, which represented growth of 37.40%. This publicly-traded organization’s revenue is $29,305,109 per employee, while its income is $2,930,674 per employee. This company’s Gross Margin is currently 50.30%, its Operating Margin is 43.70%, its Pretax Margin is +8.97, and its Net Margin is +10.00. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.34, 1.64, 4.64 and 1.36 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 14.16 and the whole liability to whole assets at 13.96. It shows enduring liability to the whole principal at 14.15 and enduring liability to assets at 0.14 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 39.75 points at 1st support level, the second support level is making up to 39.38. But as of 1st resistance point, this stock is sitting at 40.79 and at 41.46 for 2nd resistance point.

Wheaton Precious Metals Corp. [WPM] reported its earnings at $0.34 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.33/share signifying the difference of 0.01 and 3.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.22 calling estimates for $0.19/share with the difference of 0.03 depicting the surprise of 15.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Wheaton Precious Metals Corp. [NYSE:WPM] is 6.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.61. Now if looking for a valuation of this stock’s amount to sales ratio it’s 15.11, it’s amount to book ratio is 2.51 and showing 42.19 of P/E (TTM) ratio.