Wheaton Precious Metals Corp [WPM] stock is trading at $56.15, up 0.61%. 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 7.12% over the last week, with a monthly amount glided 4.64%, and seem to be holding up well over a long-time horizon.
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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.
Wheaton Precious Metals Corp [WPM] stock has fluctuated between $38.37 and $57.87 over the past year. Currently, Wall Street analysts expect the stock to reach $52.58 within the next 12 months. Wheaton Precious Metals Corp [NYSE: WPM] shares were valued at $56.15 at the most recent close of the market. An investor can expect a potential drop of -6.36% based on the average WPM price forecast.
Analyzing the WPM fundamentals
Wheaton Precious Metals Corp [NYSE:WPM] reported sales of 1.10B for the trailing twelve months, which represents a growth of 38.39%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.52%, Pretax Profit Margin comes in at 0.54%, and Net Profit Margin reading is 0.53%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.09 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 55.51 points at the first support level, and at 54.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.48, and for the 2nd resistance point, it is at 56.81.
Ratios To Look Out For
For context, Wheaton Precious Metals Corp’s Current Ratio is 3.65. As well, the Quick Ratio is 3.65, while the Cash Ratio is 3.48. Considering the valuation of this stock, the price to sales ratio is 23.17, the price to book ratio is 3.60 and price to earnings (TTM) ratio is 43.15.
