At the time of writing, Wheaton Precious Metals Corp [WPM] stock is trading at $47.79, up 1.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WPM shares have gain 6.46% over the last week, with a monthly amount glided 16.02%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, Wheaton Precious Metals Provides Details of Annual and Special Meeting of Shareholders and Files Form 40-F. In a post published today on Yahoo Finance, Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) announces that its Form 40-F report has been filed with the Securities and Exchange Commission and is available on EDGAR. The Company’s 2023 audited financial statements, along with its Form 40-F, are also available on the Company’s website at www.wheatonpm.com.
From an analyst’s perspective:
Wheaton Precious Metals Corp [NYSE: WPM] stock has seen the most recent analyst activity on March 18, 2024, when TD Securities upgraded its rating to a Buy. Previously, Jefferies started tracking the stock with Buy rating on February 29, 2024, and set its price target to $49. On February 21, 2024, downgrade downgraded it’s rating to Hold. National Bank Financial downgraded its rating to a Sector Perform. RBC Capital Mkts downgraded its rating to a Sector Perform but $45 remained the price target by the analyst firm on May 23, 2023. Goldman downgraded its rating to Neutral for this stock on April 20, 2023.
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 $51.78 within the next 12 months. Wheaton Precious Metals Corp [NYSE: WPM] shares were valued at $47.79 at the most recent close of the market. An investor can expect a potential return of 8.35% based on the average WPM price forecast.
Analyzing the WPM fundamentals
According to Wheaton Precious Metals Corp [NYSE:WPM], the company’s sales were 1.02B for trailing twelve months, which represents an 32.80% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.5%, Pretax Profit Margin comes in at 0.53%, and Net Profit Margin reading is 0.52%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.08 and Total Capital is 0.07. 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 47.11 points at the first support level, and at 46.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.39, and for the 2nd resistance point, it is at 48.98.
Wheaton Precious Metals Corp [WPM] reported earnings per share of $0.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of $0.03 and a surprise factor of 9.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.27 per share as compared to estimates of $0.25 per share, a difference of $0.02 representing a surprise of 8.00%.
Ratios To Look Out For
It is important to note that Wheaton Precious Metals Corp [NYSE:WPM] has a current ratio of 21.76. As well, the Quick Ratio is 21.71, while the Cash Ratio is 20.96. Considering the valuation of this stock, the price to sales ratio is 21.31, the price to book ratio is 3.10 and price to earnings (TTM) ratio is 40.31.
