Why You Need Wheaton Precious Metals Corp. (WPM) On Your Watchlist

Wheaton Precious Metals Corp. (NYSE:WPM) saw an upside of 4.29% to close Tuesday at $51.00 after adding $2.1 on the day. The 5-day average trading volume is 2,234,060 shares of the company’s common stock. It has gained $51.02 in the past week and touched a new high 3 times within the past 5 days. An average of 2,263,365 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,591,580.

WPM’s 1-month performance is 5.90% or $2.84 on its low of $47.74 reached on 04/03/23. The company’s shares have touched a 52-week low of $28.62 and high of $52.76, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, WPM has achieved 30.50% or $11.92 and has reached a new high 25 times. However, the current price is down -3.34% from the 52-week high price.

Valuation Metrics

WPM stock has a beta of 0.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 21.86 while the price-to-book (PB) in the most recent quarter is 3.43, with the price to cash flow ratio at 37.35.

Wheaton Precious Metals Corp.’s quick ratio for the recent period was 23.10, with the current ratio over the same period at 23.40.. In terms of profitability, the gross margin trailing 12 months is 53.10%. The trailing 12-month EBITDA margin is 69.77%. The firm’s gross profit as reported stood at $565.48 million against revenue of $1.07 billion.

Earnings Surprise

Net income and sales went up 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. EBITDA for the quarter stood at more than $144.23 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 02 May was 62.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.38%.

The stock’s 5-day moving average is $49.59, reflecting a +2.93% or $1.45 change from its current price. WPM is currently trading +3.66% above its 20-day SMA, +31.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +20.62% and SMA200 by+50.89%.

Stochastic %K and %D was 34.21% and 28.04% and the average true range (ATR) pointed at 1.42. The RSI (14) points at 61.82%, while the 14-day stochastic is at 61.40% with the period’s ATR at 1.39. The stock’s 9-day MACD Oscillator is pointing at 0.28 and -0.05 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Wheaton Precious Metals Corp. (NYSE: WPM), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock.

precious metals