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

Company Overview

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.

Key Stats

• Today's Range: C$86.59 to C$88.14
• 50-Day Range: C$74.65 to C$86.55
• 52-Week Range: C$52.15 to C$88.14
• Volume: 598,855 shs
• Average Volume: 772,584 shs
• Market Capitalization: C$39.81 billion
• P/E Ratio: 50.73
• Dividend Yield: 0.96%
• Price Target: C$94.00
• Consensus Rating: Buy

Wheaton Precious Metals Stock Analysis - MarketRank™

Wheaton Precious Metals scored higher than 36% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Buy

Consensus Rating

Wheaton Precious Metals has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Wheaton Precious Metals has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Wheaton Precious Metals is 50.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Wheaton Precious Metals is 50.73, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 127.45.

Price to Book Value per Share Ratio

Wheaton Precious Metals has a P/B Ratio of 5.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for WPM.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Wheaton Precious Metals has a dividend yield of 0.97%, which is in 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 48.55%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for WPM.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.33

News Sentiment

Wheaton Precious Metals has a news sentiment score of 1.33. 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 0.35 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Wheaton Precious Metals this week, compared to 2 articles on an average week.

Search Interest

23 people have searched for WPM on MarketBeat in the last 30 days. This is an increase of 283% compared to the previous 30 days.

MarketBeat Follows

7 people have added Wheaton Precious Metals to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Wheaton Precious Metals insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.13% of the stock of Wheaton Precious Metals is held by insiders.

Percentage Held by Institutions

69.42% 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.

WPM Stock Analysis - Frequently Asked Questions

How have WPM shares performed this year?

Wheaton Precious Metals' stock was trading at C$53.82 on January 1st, 2024. Since then, WPM shares have increased by 63.1% and is now trading at C$87.76.
View the best growth stocks for 2024 here.

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (TSE:WPM) announced its quarterly earnings results on Wednesday, August, 7th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.06. The firm earned $409.19 million during the quarter, compared to analysts' expectations of $400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a trailing twelve-month return on equity of 8.16%.

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.

What other stocks do shareholders of Wheaton Precious Metals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Wheaton Precious Metals investors own include Lockheed Martin (LMT), Royal Gold (RGLD), Agnico Eagle Mines (AEM), Bank of Montreal (BMO), Costco Wholesale (COST), CrowdStrike (CRWD) and Royal Bank of Canada (RY).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 9/4 Dividend: 8/21/2024
• Dividend Payable: 9/04/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 11/07/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: Precious Metals
• Current Symbol: TSE:WPM
• CUSIP: N/A
• CIK: N/A
• Web: www.wheatonpm.com
• Phone: 604-684-9648
• Fax: N/A
• Employees: 40
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$94.00
• High Stock Price Target: C$105.00
• Low Stock Price Target: C$80.00
• Potential Upside/Downside: +7.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.73
• Trailing P/E Ratio: 50.73
• Forward P/E Ratio: 35.46
• P/E Growth: N/A
• Net Income: C$571.16 million
• Net Margins: 50.44%
• Pretax Margin: N/A
• Return on Equity: 8.16%
• Return on Assets: 5.35%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 26.86
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: C$1.13 billion
• Price / Sales: 35.23
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: C$15.78 per share
• Price / Book: 5.56

Miscellaneous

• Outstanding Shares: 453,640,000
• Free Float: N/A
• Market Cap: C$39.81 billion
• Optionable: N/A
• Beta: 0.70