As of Wednesday close, Wheaton Precious Metals Corp.’s (NYSE:WPM) stock was down -$0.94, moving down -2.21 percent to $41.50. The average number of shares traded per day over the past five days has been 2,422,820 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.71 fall in that time frame. In the last twenty days, the average volume was 2,003,835, while in the previous 50 days, it was 1,703,414.
Since last month, WPM stock retreated -7.61%. Shares of the company fell to $41.44 on 08/16/23, the lowest level in the past month. A 52-week high of $52.76 was reached on 04/13/23 after having rallying from a 52-week low of $28.62. Since the beginning of this year, WPM’s stock price has risen by 6.19% or $2.42, and marked a new high 25 times. However, the stock has declined by -21.34% since its 52-week high.
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Valuation Metrics
Right now, Wheaton Precious Metals Corp. (WPM) has a P/E ratio of about 30.14. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 18.82, the price-to-book (PB) ratio of 2.74, and the price-to-cash flow ratio of 27.56 may also be considered.
The latest dividend of $0.15 per share was paid out, which is -26.11% less than last year’s $0.2030. On Thursday August 10 2023, a $0.0530 dividend decrease was announced.
Financial Health
In the three months ended June 29, Wheaton Precious Metals Corp.’s quick ratio stood at 44.70, while its current ratio was 45.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 51.70% percent. In the year ended June 29, EBITDA margin amounted to 69.77%, whereas operating margins totaled 44.90%. Based on annual data, WPM earned $565.48 million in gross profit and brought in $1.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.60%. Return on equity (ROE) for the past 12 months was 9.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WPM’s revenue rose 7.82% during the quarter, while net income inched up to $861.33 million. While analysts expected Wheaton Precious Metals Corp. to report $0.27 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 14.80%. During the quarter, the company generated $190.07 million in EBITDA. The liabilities of Wheaton Precious Metals Corp. were 33.49 million at the end of its most recent quarter ended June 29, and its total debt was $6.53 million.
Technical Picture
This quick technical analysis looks at Wheaton Precious Metals Corp.’s (WPM) price momentum. With a historical volatility rate of 37.38%, the RSI 9-day stood at 34.56% on 16 August.
With respect to its five-day moving average, the current Wheaton Precious Metals Corp. price is down by -6.13% percent or -$2.71. At present, WPM shares trade -7.45% below its 20-day simple moving average and -10.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.41% below its SMA50 and +23.07% above its SMA200.
Stochastic coefficient K was 27.68% and Stochastic coefficient D was 51.08%, while ATR was 1.22. Given the Stochastic reading of 1.53% for the 14-day period, the RSI (14) reading has been calculated as 38.82%. As of today, the MACD Oscillator reading stands at -0.92, while the 14-day reading stands at -0.85.
Analyst Ratings
Wheaton Precious Metals Corp. downgraded its rating on Wheaton Precious Metals Corp. (NYSE: WPM) to a Sector perform in a note to investors on May 23, 2023. The analysts firm previously had an Outperform rating on the stock.Wheaton Precious Metals Corp. (WPM) has been rated Overweight by analysts. According to 0 brokerage firms, WPM is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Wheaton Precious Metals Corp. stock as buy, with 12 recommending it as overweight.
With a median target price of $55.95, the current consensus forecast for the stock is $41.00 – $66.00. Based on these forecasts, analysts predict Wheaton Precious Metals Corp. (WPM) will achieve an average price target of $54.88.
