At the time of writing, Wheaton Precious Metals Corp [WPM] stock is trading at $44.71, up 1.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WPM shares have gain 6.53% over the last week, with a monthly amount drifted -4.18%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, Wheaton Precious Metals Announces 2023 Production and Sales Results and Forecasts 40% Growth in the Next Five Years. In a post published today on Yahoo Finance, “In 2023, the importance of our diversified portfolio of high-quality, low-cost assets was underscored by Wheaton’s ability to meet its annual production guidance, well within the projected range for the year, as strong outperformances by Salobo and Constancia offset headwinds faced by other assets. Moreover, in 2023, we expanded our portfolio by securing agreements for eight development assets, further enhancing our production profile and contributing to our five-year growth profile of 40%,” said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. “While our projected 2024 production is consistent with levels attained in 2023, we anticipate growth in the near-term as several assets are slated to commence operations by year-end, with the expanded range in our 2024 guidance accommodating the typical variability associated with development project ramp-ups.
From an analyst’s perspective:
Wheaton Precious Metals Corp [NYSE: WPM] stock has seen the most recent analyst activity on February 29, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $49. Previously, TD Securities downgraded its rating to Hold on February 21, 2024. On February 21, 2024, downgrade downgraded it’s rating to Sector Perform. RBC Capital Mkts downgraded its rating to a Sector Perform but stick to its price target of $45 on May 23, 2023. Goldman downgraded its rating to a Neutral. In a note dated September 12, 2022, Goldman initiated an Buy rating.
For the past year, the stock price of Wheaton Precious Metals Corp fluctuated between $38.37 and $52.76. Currently, Wall Street analysts expect the stock to reach $51.64 within the next 12 months. Wheaton Precious Metals Corp [NYSE: WPM] shares were valued at $44.71 at the most recent close of the market. An investor can expect a potential return of 15.5% based on the average WPM price forecast.
Analyzing the WPM fundamentals
According to Wheaton Precious Metals Corp [NYSE:WPM], the company’s sales were 938.62M for trailing twelve months, which represents an 1.97% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.56%, and Net Profit Margin reading is 0.57%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 44.28 points at the first support level, and at 43.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.16, and for the 2nd resistance point, it is at 45.60.
Wheaton Precious Metals Corp [WPM] reported earnings per share of $0.27 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of $0.02 and a surprise factor of 8.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.31 per share as compared to estimates of $0.27 per share, a difference of $0.04 representing a surprise of 14.80%.
Ratios To Look Out For
It is important to note that Wheaton Precious Metals Corp [NYSE:WPM] has a current ratio of 38.93. Further, the Quick Ratio stands at 38.82, while the Cash Ratio is 37.92. Considering the valuation of this stock, the price to sales ratio is 21.58, the price to book ratio is 2.96 and price to earnings (TTM) ratio is 37.85.
