NYSE:WPM

Wheaton Precious Metals - WPM Stock Forecast, Price & News

$31.73

+0.38 (+1.21%)

(As of 09/29/2022 12:00 AM ET)

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Today's Range: $30.91
▼
$31.82
50-Day Range: $29.08
▼
$34.67
52-Week Range: $28.62
▼
$51.90

Volume: 3.33 million shs
Average Volume: 2.70 million shs
Market Capitalization: $14.33 billion

P/E Ratio: 19.47
Dividend Yield: 1.91%
Price Target: $54.17

Wheaton Precious Metals MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 70.7% Upside
$54.17 Price Target
Short Interest: Bearish
3.58% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.48
Upright™ Environmental Score
News Sentiment: 1.24
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.43%
From $1.29 to $1.36 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Basic Materials Sector

54th out of 167 stocks

Gold & Silver Ores Industry

6th out of 32 stocks

4.4

Analyst's Opinion

Consensus Rating
Wheaton Precious Metals has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $54.17, Wheaton Precious Metals has a forecasted upside of 70.7% from its current price of $31.73.
Amount of Analyst Coverage
Wheaton Precious Metals has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
3.58% 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 5.9.
Change versus previous month
Short interest in Wheaton Precious Metals has recently increased by 4.33%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Wheaton Precious Metals pays a meaningful dividend of 1.91%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Wheaton Precious Metals has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Wheaton Precious Metals is 36.81%. 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 44.12% next year. This indicates that Wheaton Precious Metals will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Wheaton Precious Metals has received a -134.06% net impact score from Upright. The largest negative impact of Wheaton Precious Metals in category "GHG emissions" seems to be driven mostly by its "Mutual funds investing in gold", "Mutual funds investing in silver", and "Mutual funds investing in cobalt" products. See details.
Environmental Sustainability
The Environmental Impact score for Wheaton Precious Metals is -3.48.

3.5

News and Social Media Coverage

News Sentiment
Wheaton Precious Metals has a news sentiment score of 1.24. 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 0.28 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Wheaton Precious Metals this week, compared to 1 article on an average week.
Search Interest
Only 20 people have searched for WPM on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
11 people have added Wheaton Precious Metals to their MarketBeat watchlist in the last 30 days. This is an increase of 38% compared to the previous 30 days.

0.8

Company Ownership

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
56.62% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Wheaton Precious Metals are expected to grow by 5.43% in the coming year, from $1.29 to $1.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wheaton Precious Metals is 19.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.87.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wheaton Precious Metals is 19.47, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 78.53.
Price to Earnings Growth Ratio
Wheaton Precious Metals has a PEG Ratio of 4.58. 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 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Wheaton Precious Metals (NYSE:WPM) Stock

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. 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.

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