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: $62.22 to $63.18
• 50-Day Range: $53.40 to $62.62
• 52-Week Range: $38.37 to $64.27
• Volume: 2.53 million shs
• Average Volume: 1.78 million shs
• Market Capitalization: $28.39 billion
• P/E Ratio: 48.15
• Dividend Yield: 0.99%
• Price Target: $63.56
• Consensus Rating: Moderate Buy

Wheaton Precious Metals Stock Analysis - MarketRank™

Wheaton Precious Metals scored higher than 85% of companies evaluated by MarketBeat, and ranked 55th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Wheaton Precious Metals has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Wheaton Precious Metals has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.29%

Earnings Growth

Earnings for Wheaton Precious Metals are expected to grow by 19.29% in the coming year, from $1.40 to $1.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Wheaton Precious Metals is 48.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Wheaton Precious Metals is 48.15, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 118.09.

Price to Earnings Growth Ratio

Wheaton Precious Metals has a PEG Ratio of 2.29. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Wheaton Precious Metals has a P/B Ratio of 4.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.25% of the float of Wheaton Precious Metals has been sold short.

Short Interest Ratio / Days to Cover

Wheaton Precious Metals has a short interest ratio ("days to cover") of 7.2.

Change versus previous month

Short interest in Wheaton Precious Metals has recently increased by 7.71%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Wheaton Precious Metals pays a meaningful dividend of 1.01%, 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 47.69%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Wheaton Precious Metals will have a dividend payout ratio of 37.13% next year. This indicates that Wheaton Precious Metals will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -3.48

Percentage of Shares Shorted

2.25% of the float of Wheaton Precious Metals has been sold short.

Short Interest Ratio / Days to Cover

Wheaton Precious Metals has a short interest ratio ("days to cover") of 7.2.

Change versus previous month

Short interest in Wheaton Precious Metals has recently increased by 7.71%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.42

News Sentiment

Wheaton Precious Metals has a news sentiment score of 1.42. 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 0.40 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Wheaton Precious Metals this week, compared to 6 articles on an average week.

Search Interest

Only 5 people have searched for WPM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Wheaton Precious Metals to their MarketBeat watchlist in the last 30 days. This is a decrease of -55% 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 Institutions

70.34% 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 $49.34 on January 1st, 2024. Since then, WPM shares have increased by 26.9% and is now trading at $62.60.
View the best growth stocks for 2024 here.

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (NYSE:WPM) issued its earnings results on Wednesday, August, 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals's revenue for the quarter was up 12.9% compared to the same quarter last year.

Who are Wheaton Precious Metals' major shareholders?

Top institutional shareholders of Wheaton Precious Metals include First Eagle Investment Management LLC (4.65%), Van ECK Associates Corp (4.41%), Massachusetts Financial Services Co. MA (1.66%) and TD Asset Management Inc (1.31%). Insiders that own company stock include Randy Smallwood, Eduardo Luna, Douglas Martin Holtby, Gary Duncan Brown, Curzio Domenico Bernardi, John Brough, Patrick Eugene Drouin, Haytham Henry Hodaly and Chantal Gosselin.
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.

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 Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET) and Rogers Communications (RCI).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 9/4 Dividend: 8/21/2024
• Dividend Payable: 9/04/2024
• Today: 9/23/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: N/A
• Current Symbol: NYSE:WPM
• CUSIP: N/A
• CIK: 1323404
• Web: www.wheatonpm.com
• Phone: (604) 684-9648
• Fax: 604-684-3123
• Employees: 42
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $63.56
• High Stock Price Target: $80.00
• Low Stock Price Target: $37.00
• Potential Upside/Downside: +1.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.30
• Trailing P/E Ratio: 48.15
• Forward P/E Ratio: 44.71
• P/E Growth: 2.29
• Net Income: $537.64 million
• Net Margins: 50.44%
• Pretax Margin: 55.06%
• Return on Equity: 8.54%
• Return on Assets: 8.46%

Debt

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

Sales & Book Value

• Annual Sales: $1.13 billion
• Price / Sales: 25.07
• Cash Flow: $1.66 per share
• Price / Cash Flow: 37.65
• Book Value: $15.42 per share
• Price / Book: 4.06

Miscellaneous

• Outstanding Shares: 453,528,000
• Free Float: N/A
• Market Cap: $28.39 billion
• Optionable: Optionable
• Beta: 0.78