Weekly Performance Analysis for Wheaton Precious Metals Corp. (WPM)


Wheaton Precious Metals Corp. (NYSE:WPM) saw an upside of 0.73% to close Tuesday at $45.72 after adding $0.33 on the day. The 5-day average trading volume is 2,102,780 shares of the company’s common stock. It has gained $45.78 in the past week and touched a new high 5 times within the past 5 days. An average of 2,220,810 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,197,904.

WPM’s 1-month performance is 14.19% or $5.54 on its low of $38.81 reached on 12/30/22. The company’s shares have touched a 52-week low of $28.62 and high of $51.90, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, WPM has achieved 16.99% or $6.64 and has reached a new high 12 times. However, the current price is down -11.92% from the 52-week high price.

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Valuation Metrics

WPM stock has a beta of 0.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.52 while the price-to-book (PB) in the most recent quarter is 3.15, with the price to cash flow ratio at 31.55.

Wheaton Precious Metals Corp.’s quick ratio for the period ended September 29 was 18.20, with the current ratio over the same period at 18.20.. In terms of profitability, the gross margin trailing 12 months is 53.70%. The firm’s gross profit as reported stood at $658.92 million against revenue of $1.2 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -395.84% to $86.14 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected WPM to announce $0.22 per share in earnings in its latest quarter, but it posted $0.21, representing a -4.50% surprise. EBITDA for the quarter stood at more than $148.44 million. WPM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 38.78 million, with total debt at $2.15 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 24 January was 77.65% to suggest the stock is trending Overbought, with historical volatility in this time period at 14.44%.

The stock’s 5-day moving average is $45.06, reflecting a +3.74% or $1.65 change from its current price. WPM is currently trading +14.87% above its 20-day SMA, +48.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +28.10% and SMA200 by-5.38%.

Stochastic %K and %D was 99.05% and 97.45% and the average true range (ATR) pointed at 1.41. The RSI (14) points at 73.12%, while the 14-day stochastic is at 98.65% with the period’s ATR at 1.30. The stock’s 9-day MACD Oscillator is pointing at 0.87 and 1.53 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Wheaton Precious Metals Corp. (NYSE: WPM), Goldman launched coverage with a Buy 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 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.


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