Should I buy or sell Wheaton Precious Metals stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WPM shares. View WPM analyst ratings or view top-rated stocks .

What is Wheaton Precious Metals' stock price target for 2024?

2 equities research analysts have issued 12-month price objectives for Wheaton Precious Metals' shares. Their WPM share price targets range from C$68.00 to C$84.00. On average, they predict the company's share price to reach C$74.67 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View analysts price targets for WPM or view top-rated stocks among Wall Street analysts .

How have WPM shares performed in 2024?

Wheaton Precious Metals' stock was trading at C$53.82 at the beginning of 2024. Since then, WPM stock has increased by 34.8% and is now trading at C$72.53. View the best growth stocks for 2024 here .

When is Wheaton Precious Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our WPM earnings forecast .

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (TSE:WPM) released its earnings results on Thursday, March, 14th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $426.80 million for the quarter, compared to the consensus estimate of $381.95 million. Wheaton Precious Metals had a trailing twelve-month return on equity of 7.85% and a net margin of 52.92%.

How often does Wheaton Precious Metals pay dividends? What is the dividend yield for Wheaton Precious Metals?

Wheaton Precious Metals announced a quarterly dividend on Tuesday, April 2nd. Investors of record on Monday, April 15th will be given a dividend of 0.21 per share on Monday, April 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, April 2nd. This is a boost from the stock's previous quarterly dividend of C$0.15. Read our dividend analysis for WPM .

Is Wheaton Precious Metals a good dividend stock?

Wheaton Precious Metals (TSE:WPM) pays an annual dividend of C$0.84 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 52.50%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for WPM .

What other stocks do shareholders of Wheaton Precious Metals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Rogers Communications (RCI) , Open Text (OTEX) , Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD) .

How do I buy shares of Wheaton Precious Metals?

Shares of WPM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:WPM

Wheaton Precious Metals (WPM) Stock Price, News & Analysis

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C$72.53

+0.01 (+0.01%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$71.82
▼
C$73.29
50-Day Range: N/A
52-Week Range: C$52.15
▼
C$74.72

Volume: 662,039 shs
Average Volume: 824,999 shs
Market Capitalization: C$32.86 billion

P/E Ratio: 45.33
Dividend Yield: 1.16%
Price Target: C$74.67

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Wheaton Precious Metals MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 2.9% Upside
C$74.67 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.35
Based on 4 Articles This Week
Insider Trading: Selling Shares
C$1.27 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.13 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Wheaton Precious Metals has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Wheaton Precious Metals has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WPM.

1.7

Dividend Strength

Dividend Yield
Wheaton Precious Metals pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Wheaton Precious Metals does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Wheaton Precious Metals is 52.50%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WPM.

3.5

News and Social Media Coverage

News Sentiment
Wheaton Precious Metals has a news sentiment score of 1.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Wheaton Precious Metals this week, compared to 3 articles on an average week.
Search Interest
Only 21 people have searched for WPM on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.
MarketBeat Follows
4 people have added Wheaton Precious Metals to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wheaton Precious Metals insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,272,782.00 in company stock.
Percentage Held by Insiders
Only 0.17% of the stock of Wheaton Precious Metals is held by insiders.
Percentage Held by Institutions
71.49% of the stock of Wheaton Precious Metals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Wheaton Precious Metals is 45.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wheaton Precious Metals is 45.33, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 141.03.
Price to Book Value per Share Ratio
Wheaton Precious Metals has a P/B Ratio of 4.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

WPM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WPM Stock News Headlines

March 23, 2024 | insidertrades.com

Insider Selling: Wheaton Precious Metals Corp. (TSE:WPM) Senior Officer Sells 18,640 Shares of Stock

March 20, 2024 | insidertrades.com

Gary Duncan Brown Sells 1,857 Shares of Wheaton Precious Metals Corp. (TSE:WPM) Stock

April 19, 2024 | InvestorPlace (Ad)

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April 15, 2024 | americanbankingnews.com

Veritas Investment Research Boosts Wheaton Precious Metals (TSE:WPM) Price Target to C$84.00

April 14, 2024 | americanbankingnews.com

Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$84.00

April 10, 2024 | msn.com

Cancer Horoscope for April 11, 2024

March 30, 2024 | markets.businessinsider.com

Wheaton Precious Metals (WPM) Gets a Hold from RBC Capital

March 19, 2024 | msn.com

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Wheaton Precious Metals Corp. (WPM) Q4 2023 Earnings Call Transcript

March 16, 2024 | finance.yahoo.com

WPM Mar 2024 39.000 put

March 14, 2024 | theglobeandmail.com

For Wheaton CEO, Bitcoin cannot be the ‘new gold’

March 14, 2024 | benzinga.com

Recap: Wheaton Precious Metals Q4 Earnings

March 14, 2024 | msn.com

Wheaton Precious Metals increases dividend by ~3% to $0.155

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Company Calendar

Last Earnings: 3/14/2024
Ex-Dividend for 4/15 Dividend: 4/02/2024
Dividend Payable: 4/15/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/09/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Gold
Sub-Industry: N/A
Current Symbol: TSE:WPM
CUSIP: N/A
CIK: N/A
Web: www.wheatonpm.com
Phone: 604-684-9648
Fax: N/A
Employees: 42
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$74.67
High Stock Price Target: C$84.00
Low Stock Price Target: C$68.00
Potential Upside/Downside: +2.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.60
Trailing P/E Ratio: 45.33
Forward P/E Ratio: 46.69
P/E Growth: N/A
Net Income: C$537.64 million
Net Margins: 52.92%
Pretax Margin: N/A
Return on Equity: 7.85%
Return on Assets: 4.65%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 21.76
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$1.02 billion
Price / Sales: 32.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: C$15.42 per share
Price / Book: 4.70

Miscellaneous

Outstanding Shares: 453,070,000
Free Float: N/A
Market Cap: C$32.86 billion
Optionable: N/A
Beta: 0.66

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Key Executives

Mr. Randy V. J. Smallwood P.Eng. (Age 59)
President, CEO & Director
Comp: $3.57M
Mr. Gary D. Brown CA (Age 57)
CFA, Senior VP & CFO
Comp: $1.52M
Mr. Curt Domenico Bernardi LLB (Age 56)
Senior VP of Legal & Strategic Development and Corporate Secretary
Comp: $1.57M
Mr. Haytham Henry Hodaly
Senior Vice President of Corporate Development
Mr. Patrick Eugene Drouin
President of Wheaton International & Chief Sustainability Officer
Mr. Neil Burns M.Sc.
P.Geo., Vice President of Technical Services
Emma Murray
Vice President of Investor Relations
Simona Antolak
Vice President of Communications & Corporate Affairs
Mr. Nikola Tatarkin
President of Wheaton Precious Metals International Ltd
Mr. Jamie Beirnes
VP & Controller

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

WPM Stock Analysis - Frequently Asked Questions

Should I buy or sell Wheaton Precious Metals stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WPM shares.
View WPM analyst ratings or view top-rated stocks.
What is Wheaton Precious Metals' stock price target for 2024?: 2 equities research analysts have issued 12-month price objectives for Wheaton Precious Metals' shares. Their WPM share price targets range from C$68.00 to C$84.00. On average, they predict the company's share price to reach C$74.67 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for WPM or view top-rated stocks among Wall Street analysts.
How have WPM shares performed in 2024?: Wheaton Precious Metals' stock was trading at C$53.82 at the beginning of 2024. Since then, WPM stock has increased by 34.8% and is now trading at C$72.53.
View the best growth stocks for 2024 here.
When is Wheaton Precious Metals' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our WPM earnings forecast.
How were Wheaton Precious Metals' earnings last quarter?: Wheaton Precious Metals Corp. (TSE:WPM) released its earnings results on Thursday, March, 14th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $426.80 million for the quarter, compared to the consensus estimate of $381.95 million. Wheaton Precious Metals had a trailing twelve-month return on equity of 7.85% and a net margin of 52.92%.

How often does Wheaton Precious Metals pay dividends? What is the dividend yield for Wheaton Precious Metals?: Wheaton Precious Metals announced a quarterly dividend on Tuesday, April 2nd. Investors of record on Monday, April 15th will be given a dividend of 0.21 per share on Monday, April 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, April 2nd. This is a boost from the stock's previous quarterly dividend of C$0.15.
Read our dividend analysis for WPM.
Is Wheaton Precious Metals a good dividend stock?: Wheaton Precious Metals (TSE:WPM) pays an annual dividend of C$0.84 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 52.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for WPM.
What other stocks do shareholders of Wheaton Precious Metals own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).
How do I buy shares of Wheaton Precious Metals?: Shares of WPM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:WPM) was last updated on 4/19/2024 by MarketBeat.com Staff

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Wheaton Precious Metals (WPM) Stock Price, News & Analysis

Wheaton Precious Metals MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Wheaton Precious Metals

WPM Stock Price History

WPM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

WPM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™