Wheaton Precious Metals Corp (NYSE: WPM) has a higher price-to-earnings ratio of 49.01x compared to its average ratio. WPM has 36-month beta value of 0.78. Analysts have mixed views 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 451.13M, and currently, short sellers hold a 2.99% ratio of that float. The average trading volume of WPM on August 20, 2024 was 1.53M shares.
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WPM) stock’s latest price update
Wheaton Precious Metals Corp (NYSE: WPM) has experienced a rise in its stock price by 1.98 compared to its previous closing price of 60.50. However, the company has seen a gain of 6.02% in its stock price over the last five trading days. zacks.com reported 2024-08-19 that Investors with an interest in Mining – Miscellaneous stocks have likely encountered both SSR Mining (SSRM) and Wheaton Precious Metals Corp. (WPM). But which of these two companies is the best option for those looking for undervalued stocks?
WPM’s Market Performance
WPM’s stock has risen by 6.02% in the past week, with a monthly rise of 2.83% and a quarterly rise of 6.78%. The volatility ratio for the week is 2.54% while the volatility levels for the last 30 days are 2.93% for Wheaton Precious Metals Corp The simple moving average for the past 20 days is 6.76% for WPM’s stock, with a 22.43% 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 9.38% 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 -2.16% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares surge +2.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.47% upper at present.
During the last 5 trading sessions, WPM rose by +6.17%, which changed the moving average for the period of 200-days by +43.37% in comparison to the 20-day moving average, which settled at $57.86. In addition, Wheaton Precious Metals Corp saw 25.04% 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:
- 0.53 for the present operating margin
- 0.58 for the gross margin
The net margin for Wheaton Precious Metals Corp stands at 0.5. The total capital return value is set at 0.08. Equity return is now at value 8.16, with 8.08 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 152.11. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 397.51.
Currently, EBITDA for the company is 741.82 million with net debt to EBITDA at -0.62. When we switch over and look at the enterprise to sales, we see a ratio of 24.08. The receivables turnover for the company is 80.29for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 26.86.
Conclusion
To put it simply, Wheaton Precious Metals Corp (WPM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
