The stock of Wheaton Precious Metals Corp (WPM) has seen a 0.51% increase in the past week, with a 15.40% gain in the past month, and a 7.22% flourish in the past quarter. The volatility ratio for the week is 4.19%, and the volatility levels for the past 30 days are at 3.08% for WPM. The simple moving average for the past 20 days is 6.51% for WPM’s stock, with a 14.36% 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 43.24x. The 36-month beta value for WPM is also noteworthy at 0.76. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for WPM is 452.54M, and at present, short sellers hold a 3.46% of that float. The average trading volume of WPM on April 17, 2024 was 2.23M shares.
WPM) stock’s latest price update
Wheaton Precious Metals Corp (NYSE: WPM)’s stock price has increased by 0.08 compared to its previous closing price of 51.22. However, the company has seen a 0.51% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-11 that Investors with an interest in Mining – Miscellaneous stocks have likely encountered both Nexa Resources S.A. (NEXA) and Wheaton Precious Metals Corp. (WPM).
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 12.86% 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 -5.60% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 4.19%, as shares surge +16.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.60% upper at present.
During the last 5 trading sessions, WPM rose by +0.51%, which changed the moving average for the period of 200-days by +20.53% in comparison to the 20-day moving average, which settled at $48.48. In addition, Wheaton Precious Metals Corp saw 3.89% 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 22.15. 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 summary, Wheaton Precious Metals Corp (WPM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
