Is Wheaton Precious Metals Corp (NYSE: WPM) Back In The Buying Zone?

Currently, there are 453.07M common shares owned by the public and among those 452.32M shares have been available to trade.

However, the script later moved the day high at 45.17, up 2.91%. The company’s stock has a 5-day price change of 9.51% and -0.32% over the past three months. WPM shares are trading -0.32% year to date (YTD), with the 12-month market performance up to 2.14% higher. It has a 12-month low price of $38.37 and touched a high of $52.76 over the same period. WPM has an average intraday trading volume of 2.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.71%, 10.21%, and 10.64% respectively.

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Institutional ownership of Wheaton Precious Metals Corp (NYSE: WPM) shares accounts for 67.77% of the company’s 453.07M shares outstanding.

It has a market capitalization of $22.28B and a beta (3y monthly) value of 0.79. The stock’s trailing 12-month PE ratio is 41.48, while the earnings-per-share (ttm) stands at $1.19. The company has a PEG of 8.47 and a Quick Ratio of 21.71 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.66% over the week and 2.42% over the month.

Earnings per share for the fiscal year are expected to decrease by -1.76%, and 17.79% over the next financial year. EPS should grow at an annualized rate of 4.90% over the next five years, compared to 4.27% over the past 5-year period.

Jefferies coverage for the Wheaton Precious Metals Corp (WPM) stock in a research note released on February 29, 2024 offered a Buy rating with a price target of $49. RBC Capital Mkts on their part issued Sector Perform rating on May 23, 2023.

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