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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
Shares of Walmart-backed Ibotta soar on public debut
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
Shares of Walmart-backed Ibotta soar on public debut
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
Shares of Walmart-backed Ibotta soar on public debut
NYSE:WPM

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

$52.69
+0.02 (+0.04%)
(As of 04/18/2024 ET)
Today's Range
$52.16
$53.30
50-Day Range
$39.19
$52.69
52-Week Range
$38.37
$54.30
Volume
1.99 million shs
Average Volume
2.25 million shs
Market Capitalization
$23.88 billion
P/E Ratio
44.28
Dividend Yield
1.18%
Price Target
$53.10

Wheaton Precious Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
0.8% Upside
$53.10 Price Target
Short Interest
Bearish
3.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.48
Upright™ Environmental Score
News Sentiment
1.42mentions of Wheaton Precious Metals in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.10%
From $1.24 to $1.39 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.

3.49 out of 5 stars

Basic Materials Sector

57th out of 174 stocks

Gold & Silver Ores Industry

5th 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 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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WPM Apr 2024 42.000 call
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Wheaton Precious Metals Corp.
Wheaton Precious Metals' Stock Tanks: Time To Buy?
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See More Headlines
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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
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
+0.8%
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
$23.88 billion
Optionable
Optionable
Beta
0.77
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Key Executives

Should I Buy Wheaton Precious Metals Stock? WPM Pros and Cons Explained

Pros

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

  • Wheaton Precious Metals has shown consistent growth in its stock price, with a current value of $44.89, indicating potential for capital appreciation.
  • The company has a diversified portfolio of precious metals including gold, silver, palladium, and cobalt, providing exposure to multiple valuable commodities.
  • Wheaton Precious Metals recently increased its dividend, offering shareholders a higher yield of 1.38% compared to its previous dividend.
  • Institutional investors like Vanguard Group Inc. and Klein Pavlis & Peasley Financial Inc. have been increasing their stakes in the company, indicating confidence in its future performance.
  • The company operates in North America, Europe, and South America, tapping into multiple markets for its precious metals sales, potentially reducing geographical risk.

Cons

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

  • The company's PE ratio of 37.72 and PEG ratio of 11.62 suggest that the stock may be overvalued compared to its growth prospects, potentially limiting upside potential.
  • Wheaton Precious Metals' beta of 0.76 indicates lower volatility compared to the market, which may result in slower price movements during market fluctuations.
  • Despite recent stake increases by institutional investors, the company's ownership by institutional investors and hedge funds stands at 58.51%, potentially leading to less retail investor influence on stock price movements.
  • The company's one year high of $52.76 and one year low of $38.37 show a wide price range, indicating potential volatility in the stock price.
  • Investors should consider the impact of macroeconomic factors on precious metals prices, as fluctuations in global economic conditions can significantly affect Wheaton Precious Metals' performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Wheaton Precious Metals pros and cons to contact@marketbeat.com.

WPM Stock Analysis - Frequently Asked Questions

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price targets for Wheaton Precious Metals' shares. 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 0.8% 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 stock has increased by 6.8% and is now trading at $52.69.
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 can I listen to Wheaton Precious Metals' earnings call?

Wheaton Precious Metals will be holding an earnings conference call on Friday, May 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8677 with passcode "432661#".

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (NYSE:WPM) released its earnings results on Thursday, March, 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The firm earned $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a trailing twelve-month return on equity of 7.76%.

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. Shareholders 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 1.18%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost 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 $0.62 per share and currently has a dividend yield of 1.21%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 52.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 44.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

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

Wheaton Precious Metals' stock is owned by a number of retail and institutional investors. Top institutional investors include Dixon Mitchell Investment Counsel Inc. (0.31%), Addenda Capital Inc. (0.19%), Douglas Lane & Associates LLC (0.11%), Allspring Global Investments Holdings LLC (0.08%), Global Assets Advisory LLC (0.03%) and Capital Asset Advisory Services LLC (0.01%). 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 4/19/2024 by MarketBeat.com Staff

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