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S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?

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

$44.17
-0.25 (-0.56%)
(As of 03/18/2024 ET)
Today's Range
$44.04
$44.70
50-Day Range
$39.19
$48.51
52-Week Range
$38.37
$52.76
Volume
1.88 million shs
Average Volume
2.10 million shs
Market Capitalization
$20.01 billion
P/E Ratio
37.12
Dividend Yield
1.36%
Price Target
$52.90

Wheaton Precious Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
19.8% Upside
$52.90 Price Target
Short Interest
Healthy
3.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.48
Upright™ Environmental Score
News Sentiment
1.43mentions of Wheaton Precious Metals in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.26%
From $1.24 to $1.33 Per Share

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.

4.64 out of 5 stars

Basic Materials Sector

16th out of 179 stocks

Gold & Silver Ores Industry

3rd out of 38 stocks

WPM stock logo

About Wheaton Precious Metals Stock (NYSE:WPM)

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 10, 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

WPM Stock Price History

WPM Stock News Headlines

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Company Calendar

Last Earnings
8/11/2023
Today
3/18/2024
Ex-Dividend for 4/15 Dividend
4/02/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
Employees
42
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.90
High Stock Price Target
$70.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+19.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$669.13 million
Pretax Margin
56.22%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$1.60 per share
Book Value
$14.85 per share

Miscellaneous

Free Float
N/A
Market Cap
$20.01 billion
Optionable
Optionable
Beta
0.76
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Should I Buy Wheaton Precious Metals Stock? WPM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Wheaton Precious Metals was last updated on Friday, March 15, 2024 at 3:49 AM.

Pros

Here are some ways that investors could benefit from investing in Wheaton Precious Metals Corp.:

  • Wheaton Precious Metals Corp. has a diverse portfolio of precious metals including gold, silver, palladium, and cobalt, providing exposure to multiple valuable commodities.
  • The company operates in North America, Europe, and South America, allowing for geographical diversification and access to different markets.
  • Recent stock performance shows potential for growth, with a trading volume of 1,766,872 shares and a market cap of $17.87 billion.
  • Wheaton Precious Metals Corp. has a strong history of adapting to market changes, as evidenced by its name change in 2017 to reflect its focus on precious metals beyond silver.
  • Investors can benefit from Wheaton Precious Metals Corp.'s position in the gold & silver ores industry, which can act as a hedge against economic uncertainties.

Cons

Investors should be bearish about investing in Wheaton Precious Metals Corp. for these reasons:

  • Volatility in metal prices can impact the company's profitability and stock performance, making it susceptible to market fluctuations.
  • Regulatory changes in the mining industry or geopolitical factors in the regions where Wheaton Precious Metals operates can pose risks to the company's operations.
  • The company's price-to-earnings ratio of 33.17 and a PEG ratio of 8.13 may indicate overvaluation, potentially limiting short-term gains for investors.
  • Investors should consider the beta of 0.80, which suggests that Wheaton Precious Metals Corp.'s stock may be less volatile than the market but could also offer lower returns in bullish market conditions.
  • While the company has shown resilience, investors should be cautious of any potential disruptions in the global supply chain that could affect production and revenue streams.

WPM Stock Analysis - Frequently Asked Questions

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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There are currently 5 hold ratings and 7 buy ratings 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?

12 equities research analysts have issued 1 year price objectives for Wheaton Precious Metals' stock. Their WPM share price targets range from $37.00 to $70.00. On average, they predict the company's share price to reach $52.90 in the next twelve months. This suggests a possible upside of 19.8% 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 $49.34 at the beginning of 2024. Since then, WPM shares have decreased by 10.5% and is now trading at $44.17.
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 2nd 2024.
View our WPM earnings forecast
.

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (NYSE:WPM) announced its quarterly earnings data on Friday, August, 11th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The company earned $264.97 million during the quarter, compared to analysts' expectations of $250.73 million. Wheaton Precious Metals had a net margin of 52.92% and a trailing twelve-month return on equity of 7.80%. The firm's revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share.

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 Thursday, March 14th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.155 per share on Monday, April 15th. This represents a $0.62 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, April 2nd. This is an increase from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for WPM
.

Is Wheaton Precious Metals a good dividend stock?

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.33%. The dividend payout ratio is 50.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 45.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

What ETF holds Wheaton Precious Metals' stock?

iShares North American Natural Resources ETF holds 112,445 shares of WPM stock, representing 0.84% of its portfolio.

What other stocks do shareholders of Wheaton Precious Metals own?
Who are Wheaton Precious Metals' major shareholders?

Wheaton Precious Metals' stock is owned by many different institutional and retail investors. Top institutional investors include Capital World Investors (6.77%), First Eagle Investment Management LLC (4.66%), Van ECK Associates Corp (4.53%), Vanguard Group Inc. (3.64%), Vanguard Group Inc. (3.64%) and FIL Ltd (2.35%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin, Randy Smallwood and Randy V J Smallwood.
View institutional ownership trends
.

How do I buy shares of Wheaton Precious Metals?

Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WPM) was last updated on 3/19/2024 by MarketBeat.com Staff

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