The stock of Wheaton Precious Metals Corp (WPM) has gone down by -0.81% for the week, with a 4.26% rise in the past month and a 9.66% rise in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are 2.80% for WPM. The simple moving average for the last 20 days is 4.73% for WPM stock, with a simple moving average of 20.51% for the last 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 48.76x, 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.”
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The public float for WPM is 452.67M, and currently, short sellers hold a 2.98% ratio of that floaft. The average trading volume of WPM on August 29, 2024 was 1.53M shares.
WPM) stock’s latest price update
Wheaton Precious Metals Corp (NYSE: WPM)’s stock price has decreased by -1.67 compared to its previous closing price of 62.43. However, the company has seen a -0.81% decrease in its stock price over the last five trading sessions. kitco.com reported 2024-08-26 that Michael McCrae is leading Kitco’s coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
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 6.85% 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 -2.65% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +2.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.51% upper at present.
During the last 5 trading sessions, WPM fell by -0.81%, which changed the moving average for the period of 200-days by +43.00% in comparison to the 20-day moving average, which settled at $58.70. In addition, Wheaton Precious Metals Corp saw 24.42% 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 23.95. 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
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.
