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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
NYSE:WPM

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

$46.29
+1.64 (+3.67%)
(As of 03/27/2024 ET)
Today's Range
$44.57
$46.29
50-Day Range
$39.19
$48.04
52-Week Range
$38.37
$52.76
Volume
1.30 million shs
Average Volume
2.16 million shs
Market Capitalization
$20.97 billion
P/E Ratio
38.90
Dividend Yield
1.30%
Price Target
$53.10

Wheaton Precious Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
14.7% Upside
$53.10 Price Target
Short Interest
Bearish
3.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.48
Upright™ Environmental Score
News Sentiment
1.10mentions of Wheaton Precious Metals in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.74%
From $1.21 to $1.34 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.

4.54 out of 5 stars

Basic Materials Sector

19th out of 170 stocks

Gold & Silver Ores Industry

4th out of 37 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

3 Metal Stocks with Double-Digit Upside
When the market gives you favorable price action, you should take care to figure out why certain stocks – or sectors – behave the way they do. In today's economic environment, you will find plenty of reasons why the SPDR S&P Metals & Mining ETF NYSEARCA: XME has sent mining and metal stocks on a 13% rally in the past two quarters.
3 Metal Stocks with Double-Digit Upside (WPM)
You can catch the bull run coming to the metals sector in three of the analysts' favorite stocks where promising double-digit upside is only the beginning
This consistently signaled gains of 453%... 610%... and even 1036%...
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
5 Most Profitable Gold Stocks To Invest In
This consistently signaled gains of 453%... 610%... and even 1036%...
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
WPM Apr 2024 42.000 call
7 Must-Own Gold Stocks to Combat Sticky Inflation
WPM Mar 2024 48.000 put
Wheaton Precious Metals Corp.
Wheaton Precious Metals' Stock Tanks: Time To Buy?
See More Headlines
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Company Calendar

Last Earnings
8/11/2023
Today
3/27/2024
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
$53.10
High Stock Price Target
$70.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+14.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$537.64 million
Pretax Margin
53.06%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$1.70 per share
Book Value
$15.42 per share

Miscellaneous

Free Float
N/A
Market Cap
$20.97 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 Tuesday, March 26, 2024 at 10:54 PM.

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's stock price has shown resilience, with a market cap of $17.87 billion, indicating stability and potential for growth.
  • Wheaton Precious Metals Corp. operates in North America, Europe, and South America, tapping into key markets for precious metals consumption.
  • Recent performance data shows a trading volume of 1,766,872 shares, reflecting strong investor interest and liquidity in the stock.
  • Analysts have set positive price targets for Wheaton Precious Metals Corp., suggesting potential upside for investors based on market projections.

Cons

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

  • Wheaton Precious Metals Corp. has a price-to-earnings ratio of 33.17 and a PEG ratio of 8.13, indicating the stock may be overvalued compared to its earnings growth potential.
  • The company's stock has a beta of 0.80, suggesting it may be less volatile than the market average, potentially limiting short-term trading opportunities.
  • Fluctuations in metal prices, especially gold and silver, can significantly impact Wheaton Precious Metals Corp.'s profitability and stock performance.
  • Investors need to consider geopolitical risks in regions where the company operates, as political instability can affect mining operations and production.
  • While the company has a strong presence in the precious metals industry, competition and market dynamics could pose challenges to sustained growth and profitability.

WPM Stock Analysis - Frequently Asked Questions

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

12 Wall Street 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 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 $53.10 in the next twelve months. This suggests a possible upside of 14.7% 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 on January 1st, 2024. Since then, WPM shares have decreased by 6.2% and is now trading at $46.29.
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) posted its quarterly earnings data on Friday, August, 11th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The business had revenue of $264.97 million for the quarter, compared to the consensus estimate of $250.73 million. Wheaton Precious Metals had a net margin of 52.92% and a trailing twelve-month return on equity of 7.76%. The business's revenue was down 12.5% compared to the same quarter last year. During the same period last year, the firm 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 declared a quarterly dividend on Thursday, March 14th. Investors 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 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend 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 1.34%. 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 44.78% 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 retail and institutional investors. Top institutional shareholders 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 and Randy 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 3/28/2024 by MarketBeat.com Staff

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