Wheaton Precious Metals Corp (NYSE: WPM) is 26.08% higher on its value in year-to-date trading and has touched a low of $38.37 and a high of $64.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WPM stock was last observed hovering at around $61.30 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $62.21, the stock is 2.13% and 4.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 1.48% at the moment leaves the stock 19.59% off its SMA200. WPM registered 42.03% gain for a year compared to 6-month gain of 37.82%.
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The stock witnessed a 0.88% loss in the last 1 month and extending the period to 3 months gives it a 15.48%, and is 1.37% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.79% over the week and 2.18% over the month.
Wheaton Precious Metals Corp (WPM) has around 41 employees, a market worth around $28.22B and $1.13B in sales. Current P/E ratio is 49.42 and Fwd P/E is 36.96. Profit margin for the company is 50.43%. Distance from 52-week low is 62.12% and -3.21% from its 52-week high. The company has generated returns on investments over the last 12 months (7.97%).
Wheaton Precious Metals Corp quarterly earnings per share for the current quarter are estimated at 0.38 with sales reaching $301.25M over the same period.The EPS is expected to grow by 19.56% this year, but quarterly earnings will post 25.50% year-over-year. Quarterly sales are estimated to grow 35.00% in year-over-year returns.
948.0 institutions hold shares in Wheaton Precious Metals Corp (WPM), with institutional investors hold 70.01% of the company’s shares. The shares outstanding are 453.07M, and float is at 452.99M with Short Float at 2.25%. Institutions hold 69.92% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 39.28 million shares valued at $2.06 billion. The investor’s holdings represent 8.6692 of the WPM Shares outstanding. As of 2024-06-30, the second largest holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with 21.11 million shares valued at $1.11 billion to account for 4.6582 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 19.98 million shares representing 4.4108 and valued at over $1.05 billion, while VANGUARD GROUP INC holds 3.7715 of the shares totaling 17.09 million with a market value of $895.78 million.
