How Wheaton Precious Metals Corp. (WPM) Is Doing Technically?

The stock of Wheaton Precious Metals Corp. (NYSE:WPM) decreased by -$0.15 on Thursday to finish at $49.57, down -0.30 percent. The last five days have seen an average of 3,041,820 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $10.49. The average number of shares traded over the last 20 days was 3,136,815, while the average volume over the last 50 days totaled 2,581,252.

WPM stock appreciated 28.02% since last month. On 03/08/23, the company’s shares reached a one-month low of $38.40. The stock touched a high of $51.90 on 04/05/23, after rallying from a low of $28.62 in 52 weeks. The price of WPM stock has risen by 26.84% or $10.49 this year, reaching a new high 23 times. Still, the stock price is down -4.50% from the 52-week high.

Valuation Metrics

Wheaton Precious Metals Corp. (WPM) has a trailing price-to-earnings (P/E) ratio of 33.52. Beta for the stock is 0.58. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 21.09, the price-to-book (PB) ratio of 3.34, and the price-to-cash flow ratio of 36.02.

Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.01 dividend increase was reported on Monday August 16 2021.

Financial Health

For the three months ended September 29, Wheaton Precious Metals Corp.’s quick ratio was 23.10, while its current ratio was 23.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 53.10% percent. Wheaton Precious Metals Corp.’s EBITDA margin for the year ended September 29 was 69.77%, whereas its operating margin stood at 48.10% 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 10.20%. 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 10.30%.

Earnings Surprise

According to Wheaton Precious Metals Corp.’s quarterly financial report for the quarter that ended September 29. A higher 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 $0.21, but it ended up being $0.22, beating the consensus by -4.50%. EBITDA was $144.23 million for the quarter. At the end of Wheaton Precious Metals Corp.’s most recent quarter ended September 29, its liabilities totaled 42.23 million, while its total debt was $2.15 million.

Technical Picture

Here’s a quick look at Wheaton Precious Metals Corp.’s (WPM) price momentum from a technical perspective. As of 06 April, the RSI 9-day stood at 76.85%, suggesting the stock is Overbought, with a 15.96% historical volatility rate.

The stochastic %K and %D were 89.50% and 93.43% respectively, while the average true range (ATR) was 1.30. Based on the 14-day stochastic reading of 82.15%, the RSI (14) reading is 73.03%. On the 9-day MACD Oscillator, the stock is at 1.10, and the 14-day reading is at 2.01.

Analyst Ratings

In its analyst report released on September 12, 2022, Goldman began covering Wheaton Precious Metals Corp. (NYSE: WPM). The stock was rated as a Buy by the brokerage firm. 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 $42.00 and $60.00, with a median target price of $50.81. In analyzing these forecasts, the average price target given by analysts for Wheaton Precious Metals Corp. (WPM) is $50.80.

precious metals