Wheaton Precious Metals Corp [WPM] stock is trading at $62.59, up 2.78%. 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 4.86% over the last week, with a monthly amount drifted -6.43%, 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 November 18, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $78. Previously, National Bank Financial upgraded its rating to Outperform on October 10, 2024. On March 18, 2024, upgrade upgraded it’s rating to Buy. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $49 on February 29, 2024. TD Securities downgraded its rating to a Hold. National Bank Financial downgraded its rating to Sector Perform for this stock on February 21, 2024. In a note dated May 23, 2023, RBC Capital Mkts downgraded an Sector Perform rating on this stock but restated the target price of $45.
Wheaton Precious Metals Corp [WPM] stock has fluctuated between $38.57 and $68.64 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 $62.59 at the most recent close of the market. An investor can expect a potential drop of -9.99% based on the average WPM price forecast.
Analyzing the WPM fundamentals
Wheaton Precious Metals Corp [NYSE:WPM] reported sales of 1.22B for the trailing twelve months, which represents a growth of 38.15%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at 0.56%, 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 0.09 and Total Capital is 0.09.
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 61.55 points at the first support level, and at 60.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.13, and for the 2nd resistance point, it is at 63.67.
Ratios To Look Out For
For context, Wheaton Precious Metals Corp’s Current Ratio is 25.71. As well, the Quick Ratio is 25.71, while the Cash Ratio is 25.14. Considering the valuation of this stock, the price to sales ratio is 32.67, the price to book ratio is 3.91 and price to earnings (TTM) ratio is 46.62.
