Wheaton Precious Metals Corp [WPM] stock is trading at $61.76, up 1.40%. 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 3.47% over the last week, with a monthly amount drifted -0.77%, and not 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 October 10, 2024, when National Bank Financial upgraded its rating to a Outperform. Previously, TD Securities upgraded its rating to Buy on March 18, 2024. On February 29, 2024, Jefferies initiated with a Buy rating and assigned a price target of $49 on the stock. TD Securities downgraded its rating to a Hold. National Bank Financial downgraded its rating to a Sector Perform. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on May 23, 2023, but kept the price target unchanged to $45. In a note dated April 20, 2023, Goldman downgraded an Neutral rating on this stock.
Wheaton Precious Metals Corp [WPM] stock has fluctuated between $38.57 and $64.82 over the past year. Currently, Wall Street analysts expect the stock to reach $56.34 within the next 12 months. Wheaton Precious Metals Corp [NYSE: WPM] shares were valued at $61.76 at the most recent close of the market. An investor can expect a potential drop of -8.78% based on the average WPM price forecast.
Analyzing the WPM fundamentals
Wheaton Precious Metals Corp [NYSE:WPM] reported sales of 1.13B for the trailing twelve months, which represents a growth of 12.87%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.55%, and Net Profit Margin reading is 0.5%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.08 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 60.92 points at the first support level, and at 60.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.20, and for the 2nd resistance point, it is at 62.63.
Ratios To Look Out For
For context, Wheaton Precious Metals Corp’s Current Ratio is 26.86. In addition, the Quick Ratio stands at 26.86 and the Cash Ratio stands at 25.96. Considering the valuation of this stock, the price to sales ratio is 24.74, the price to book ratio is 3.91 and price to earnings (TTM) ratio is 49.06.
