At the time of writing, Wheaton Precious Metals Corp [WPM] stock is trading at $66.49, up 4.58%. 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 9.52% over the last week, with a monthly amount glided 6.88%, 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 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.
For the past year, the stock price of Wheaton Precious Metals Corp fluctuated between $38.57 and $64.82. 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 $66.49 at the most recent close of the market. An investor can expect a potential drop of -15.27% based on the average WPM price forecast.
Analyzing the WPM fundamentals
According to Wheaton Precious Metals Corp [NYSE:WPM], the company’s sales were 1.13B for trailing twelve months, which represents an 12.87% jump. 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. 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 64.72 points at the first support level, and at 62.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.50, and for the 2nd resistance point, it is at 68.52.
Ratios To Look Out For
It is important to note that Wheaton Precious Metals Corp [NYSE:WPM] has a current ratio of 26.86. As well, the Quick Ratio is 26.86, while the Cash Ratio is 25.96. Considering the valuation of this stock, the price to sales ratio is 26.63, the price to book ratio is 4.21 and price to earnings (TTM) ratio is 52.82.
