Are Wheaton Precious Metals Corp. (WPM) stocks a prudent buy?

Currently, Wheaton Precious Metals Corp. [WPM] is trading at $45.72, up 0.73%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WPM shares have gain 3.74% over the last week, with a monthly amount glided 14.19%, and seem to be holding up well over a long-time horizon.

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On 3, November 2022, Wheaton Precious Metals Maintains Strong Cash Operating Margins in the Third Quarter of 2022. In a post published today on Yahoo Finance, Designated News ReleaseTHIRD QUARTER 2022 FINANCIAL RESULTS.

From an analyst’s perspective:

Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on September 24, 2021, and set its price target to $47. On March 08, 2021, upgrade upgraded it’s rating to Outperform but maintained its price target of $51 on the stock. BMO Capital Markets upgraded its rating to a Outperform but stick to its price target of $57 on March 08, 2021. JP Morgan initiated its recommendation with a Overweight and recommended $56 as its price target on March 04, 2021. Barclays upgraded its rating to Equal Weight for this stock on January 06, 2021, and downed its price target to $39. In a note dated November 09, 2020, Berenberg initiated an Buy rating and iterated a target price of $56 on this stock.

This stock has fluctuated between a low of $28.62 and a high of $51.90 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $48.90 within the next 12 months. Wheaton Precious Metals Corp. [NYSE: WPM] shares were valued at $45.72 at the most recent close of the market. An investor can expect a potential return of 6.96% based on the average WPM price forecast.

Analyzing the WPM fundamentals

Recent quarter sales for Wheaton Precious Metals Corp. [NYSE:WPM] were 285.83 billion which represents -18.70% decline. Gross Margin for this corporation currently stands at +54.68% with Operating Margin at +50.28%, Pretax Margin comes in at +62.80%, and Net Margin reading is +62.82%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.77 points at the first support level, and at 39.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.23, and for the 2nd resistance point, it is at 48.73.

Wheaton Precious Metals Corp. [WPM] reported earnings per share of $0.33 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.32/share, meaning a difference of $0.01 and a surprise factor of 3.10%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.35 per share as compared to estimates of $0.35 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Wheaton Precious Metals Corp. [NYSE:WPM] is 18.20. In addition, the Quick Ratio stands at 8.12 and the Cash Ratio stands at 7.61. Considering the valuation of this stock, the price to sales ratio is 16.26, the price to book ratio is 3.10 and the P/E (TTM) ratio is 25.99.