Wheaton Precious Metals Corp. (NYSE:WPM) saw an upside of 1.58% to close Tuesday at $38.48 after adding $0.6 on the day. The 5-day average trading volume is 1,988,100 shares of the company’s common stock. It has gained $39.01 in the past week. An average of 2,450,840 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,980,264.
WPM’s 1-month performance is -13.35% or -$6.28 on its low of $36.39 reached on 10/05/21. The company’s shares have touched a 52-week low of $34.85 and high of $51.43, with the stock’s rally to the 52-week high happening on 06/01/21. YTD, WPM has lost -7.81% or -$3.26. However, the current price is down -25.18%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 1035.52 and a low of 19.64. WPM stock has a beta of 0.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.73 while the price-to-book (PB) in the most recent quarter is 2.92, with the price to cash flow ratio at 21.41.
Wheaton Precious Metals Corp. pays an annual dividend of $0.60 per share. Its dividend yield is 1.56% and the payout ratio is 34.70%. WPM’s most recent quarterly dividend payment was made on Sep. 9, when it paid $0.15 a share compared with prior rate of $0.14, up 6.67% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.01 reported on Monday August 16 2021. Measured over the last 3 years, the Dividend has been growing by 27.27% yearly.
It is projected that Wheaton Precious Metals Corp.’s next ex-dividend date will be on 1-Dec. WPM is expected to distribute $0.15 as its next dividend.
Wheaton Precious Metals Corp.’s quick ratio for the period ended June 29 was 9.50, with the current ratio over the same period at 9.50 meaning that WPM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 55.70%. The trailing 12-month EBITDA margin is 70.37% while for the period ending June 29; Wheaton Precious Metals Corp.’s operating margin was 50.80%. The firm’s gross profit as reported stood at $585.57 million against revenue of $1.1 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 7.82% to $861.33 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected WPM to announce $0.37 per share in earnings in its latest quarter, but it posted $0.36, representing a -2.70% surprise. EBITDA for the quarter stood at more than $233.95 million. WPM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 38.2 million, with total debt at $3.31 million
Let’s look briefly at Wheaton Precious Metals Corp. (WPM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 43.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.34%.
The stock’s 5-day moving average is $38.02, reflecting a +3.00% or $1.12 change from its current price. WPM is currently trading -13.70% above its 20-day SMA, -19.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -16.11% and -9.29% respectively.
Stochastic %K and %D was 36.35% and 30.49% and the average true range (ATR) pointed at 1.03. The RSI (14) points at 38.26%, while the 14-day stochastic is at 49.41% with the period’s ATR at 1.06. The stock’s 9-day MACD Oscillator is pointing at 0.48 and 0.14 on the 14-day charts.
In the most recent analyst report for Wheaton Precious Metals Corp. (NYSE: WPM), KeyBanc Capital Markets launched coverage with an Overweight rating. Analysts offering their rating for WPM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate WPM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is WPM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $41.00 and a high of $70.57, with their median price target at $57.27. Looking at these predictions, the average price target given by analysts is for Wheaton Precious Metals Corp. (WPM) stock is $56.66.