At the time of writing, Wheaton Precious Metals Corp [WPM] stock is trading at $63.10, up 2.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The WPM shares have gain 3.54% over the last week, with a monthly amount drifted -3.12%, 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.
For the past year, the stock price of Wheaton Precious Metals Corp fluctuated between $38.57 and $68.64. 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 $63.10 at the most recent close of the market. An investor can expect a potential drop of -10.71% based on the average WPM price forecast.
Analyzing the WPM fundamentals
According to Wheaton Precious Metals Corp [NYSE:WPM], the company’s sales were 1.22B for trailing twelve months, which represents an 38.15% jump. 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 62.20 points at the first support level, and at 61.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.80, and for the 2nd resistance point, it is at 64.50.
Ratios To Look Out For
It is important to note that Wheaton Precious Metals Corp [NYSE:WPM] has a current ratio of 25.71. On the other hand, the Quick Ratio is 25.71, and the Cash Ratio is 25.14. Considering the valuation of this stock, the price to sales ratio is 23.51, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 47.00.
