The stock of Wheaton Precious Metals Corp. (NYSE:WPM) decreased by -$0.99 on Friday to finish at $44.26, down -2.19 percent. The last five days have seen an average of 2,284,383 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $5.12. The average number of shares traded over the last 20 days was 1,852,221, while the average volume over the last 50 days totaled 1,661,030.
WPM stock dropped -1.03% since last month. On 08/03/23, the company’s shares reached a one-month low of $41.72. The stock touched a high of $52.76 on 04/13/23, after rallying from a low of $28.62 in 52 weeks. The price of WPM stock has risen by 13.25% or $5.12 this year, reaching a new high 25 times. Still, the stock price is down -16.11% from the 52-week high.
Valuation Metrics
Wheaton Precious Metals Corp. (WPM) has a trailing price-to-earnings (P/E) ratio of 32.14. Beta for the stock is 0.59. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 20.08, the price-to-book (PB) ratio of 2.93, and the price-to-cash flow ratio of 29.40.
Company paid $0.15 per share in dividends, a decrease of -26.11% from $0.2030 last year. A $0.0530 dividend decrease was reported on Thursday August 10 2023.
Financial Health
For the three months ended June 29, Wheaton Precious Metals Corp.’s quick ratio was 44.70, while its current ratio was 45.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 51.70% percent. Wheaton Precious Metals Corp.’s EBITDA margin for the year ended June 29 was 69.77%, whereas its operating margin stood at 44.90% for the same period. Based on annual data, it had gross profit of $565.48 million and revenue of $1.07 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WPM’s return on assets (ROA) during the last 12 months has been 9.10%. There was a 7.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.10%.
Earnings Surprise
According to Wheaton Precious Metals Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $861.33 million, while revenues rose by 7.82% to $0.0. It was predicted that Wheaton Precious Metals Corp.’s quarterly earnings would be $0.31, but it ended up being $0.27, beating the consensus by 14.80%. EBITDA was $144.02 million for the quarter. At the end of Wheaton Precious Metals Corp.’s most recent quarter ended June 29, its liabilities totaled 93.03 million, while its total debt was $6.53 million.
Technical Picture
Here’s a quick look at Wheaton Precious Metals Corp.’s (WPM) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 51.49%, suggesting the stock is Neutral, with a 35.90% historical volatility rate.
The stochastic %K and %D were 68.69% and 64.62% respectively, while the average true range (ATR) was 1.17. Based on the 14-day stochastic reading of 61.43%, the RSI (14) reading is 50.83%. On the 9-day MACD Oscillator, the stock is at 0.76, and the 14-day reading is at 0.57.
Analyst Ratings
Wheaton Precious Metals Corp. (NYSE: WPM) was downgraded by RBC Capital Mkts to a a Sector perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Wheaton Precious Metals Corp. (WPM) an Buy rating. WPM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is WPM’s price target for the next 12 months?
The current consensus forecast for the stock is between $41.00 and $66.00, with a median target price of $55.95. In analyzing these forecasts, the average price target given by analysts for Wheaton Precious Metals Corp. (WPM) is $54.87.
