In the past week, WPM stock has gone up by 4.75%, with a monthly gain of 13.13% and a quarterly surge of 5.12%. The volatility ratio for the week is 3.22%, and the volatility levels for the last 30 days are 2.63% for Wheaton Precious Metals Corp The simple moving average for the past 20 days is 8.37% for WPM’s stock, with a 12.32% simple moving average for the past 200 days.
Is It Worth Investing in Wheaton Precious Metals Corp (NYSE: WPM) Right Now?
The price-to-earnings ratio for Wheaton Precious Metals Corp (NYSE: WPM) is above average at 42.22x, Company’s 36-month beta value is 0.78.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for WPM is 452.32M, and currently, short sellers hold a 3.10% ratio of that floaft. The average trading volume of WPM on April 09, 2024 was 2.12M shares.
WPM) stock’s latest price update
Wheaton Precious Metals Corp (NYSE: WPM)’s stock price has decreased by -1.01 compared to its previous closing price of 50.57. However, the company has seen a 4.75% increase in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-08 that VANCOUVER, BC, April 8, 2024 /PRNewswire/ – Wheaton Precious Metals™ Corp. will release its 2024 first quarter results on Thursday, May 9, 2024, after market close. A conference call will be held on Friday, May 10, 2024, starting at 11:00 am ET (8:00 am PT) to discuss these results.
Analysts’ Opinion of WPM
Jefferies, on the other hand, stated in their research note that they expect to see WPM reach a price target of $49. The rating they have provided for WPM stocks is “Buy” according to the report published on February 29th, 2024.
WPM Trading at 11.42% from the 50-Day Moving Average
After a stumble in the market that brought WPM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.12% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares surge +11.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.01% upper at present.
During the last 5 trading sessions, WPM rose by +4.75%, which changed the moving average for the period of 200-days by +17.32% in comparison to the 20-day moving average, which settled at $46.46. In addition, Wheaton Precious Metals Corp saw 1.46% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WPM
Current profitability levels for the company are sitting at:
- 0.5 for the present operating margin
- 0.56 for the gross margin
The net margin for Wheaton Precious Metals Corp stands at 0.52. The total capital return value is set at 0.07. Equity return is now at value 7.85, with 7.79 for asset returns.
Based on Wheaton Precious Metals Corp (WPM), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 121.59. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 326.49.
Currently, EBITDA for the company is 741.82 million with net debt to EBITDA at -0.71. When we switch over and look at the enterprise to sales, we see a ratio of 21.61. The receivables turnover for the company is 64.32for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 21.76.
Conclusion
In a nutshell, Wheaton Precious Metals Corp (WPM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
