Wheaton Precious Metals Corp (WPM) Shares Down Despite Recent Market Volatility

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Wheaton Precious Metals Corp (NYSE: WPM)’s stock price has gone decline by -3.73 in comparison to its previous close of 55.08, however, the company has experienced a -7.72% decrease in its stock price over the last five trading days. investorplace.com reported 2024-05-29 that As the U.S. dollar experiences a gradual decline in purchasing power, investors are increasingly turning to precious metals stocks as a safe haven. Precious metals, like gold and silver, have historically served as a hedge against inflation and currency devaluation.

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 40.75x. The 36-month beta value for WPM is also noteworthy at 0.77. 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.”

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The public float for WPM is 452.66M, and at present, short sellers hold a 4.26% of that float. The average trading volume of WPM on June 04, 2024 was 1.99M shares.

WPM’s Market Performance

WPM stock saw an increase of -7.72% in the past week, with a monthly gain of 0.64% and a quarterly increase of 24.12%. The volatility ratio for the week is 2.30%, and the volatility levels for the last 30 days are 2.36% for Wheaton Precious Metals Corp (WPM). The simple moving average for the past 20 days is -4.93% for WPM’s stock, with a 13.62% simple moving average for the past 200 days.

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 0.50% 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 -8.37% of loss for the given period.

Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares sank -1.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.91% upper at present.

During the last 5 trading sessions, WPM fell by -7.88%, which changed the moving average for the period of 200-days by +28.44% in comparison to the 20-day moving average, which settled at $55.73. In addition, Wheaton Precious Metals Corp saw 7.47% 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:

  • 0.52 for the present operating margin
  • 0.57 for the gross margin

The net margin for Wheaton Precious Metals Corp stands at 0.53. The total capital return value is set at 0.08. Equity return is now at value 8.50, with 8.37 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 141.58. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 2168.28.

Currently, EBITDA for the company is 741.82 million with net debt to EBITDA at -0.36. When we switch over and look at the enterprise to sales, we see a ratio of 21.53. The receivables turnover for the company is 97.39for 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 3.65.

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.

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