In recent trading session, Wheaton Precious Metals Corp. (NYSE:WPM) saw 0.8 million shares changing hands at last check today with its beta currently measuring 0.55. Company’s recent per share price level of $31.55 trading at -$0.13 or -0.41% at last check today assigns it a market valuation of $14.12B. That most recent trading price of WPM’s stock is at a discount of -64.5% from its 52-week high price of $51.90 and is indicating a premium of 5.99% from its 52-week low price of $29.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.52 million shares which gives us an average trading volume of 2.71 million if we extend that period to 3-months.
For Wheaton Precious Metals Corp. (WPM), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.90. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.35 in the current quarter.
Wheaton Precious Metals Corp. (NYSE:WPM) trade information
Upright in the red during last session for losing -0.41%, in the last five days WPM remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $31.55 price level, adding 3.04% to its value on the day. Wheaton Precious Metals Corp.’s shares saw a change of -26.21% in year-to-date performance and have moved -3.00% in past 5-day. Wheaton Precious Metals Corp. (NYSE:WPM) showed a performance of -1.37% in past 30-days. Number of shares sold short was 13.53 million shares which calculate 4.7 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $49.13 to the stock, which implies a rise of 35.78% to its recent value today. Analysts have been projecting $36.91 as a low price target for the stock while placing it at a high target of $62.00. It follows that stock’s current price would drop -96.51% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.99% for stock’s current value.
Wheaton Precious Metals Corp. (WPM) estimates and forecasts
Statistics highlight that Wheaton Precious Metals Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -34.14% of value to its shares in past 6 months, showing an annual growth rate of -1.53% while that of industry is 17.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -2.80% in the current quarter and calculating 16.70% increase in the next quarter. This year revenue growth is estimated to rise 3.40% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $299.19 million for the same. And 3 analysts are in estimates of company making revenue of $282.93 million in the next quarter that will end on Sep 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 29.90% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 48.30% while estimates for its earnings growth in next 5 years are of 5.00%.
Wheaton Precious Metals Corp. is more likely to be releasing its next quarterly report between March 09 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Wheaton Precious Metals Corp. (NYSE:WPM)’s Major holders
Insiders are in possession of 0.40% of company’s total shares while institution are holding 65.31 percent of that, with stock having share float percentage of 65.57%. Investors also watch the number of corporate investors in a company very closely, which is 65.31% institutions for Wheaton Precious Metals Corp. that are currently holding shares of the company. Capital World Investors is the top institutional holder at WPM for having 20.59 million shares of worth $979.81 million. And as of Mar 30, 2022, it was holding 4.56% of the company’s outstanding shares.
The second largest institutional holder is Van Eck Associates Corporation, which was holding about 19.31 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 4.28% of outstanding shares, having a total worth of $918.86 million.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and American Balanced Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 16.11 million shares of worth $580.33 million or 3.57% of the total outstanding shares. The later fund manager was in possession of 11.43 million shares on Jun 29, 2022, making its stake of worth around $411.71 million in the company or a holder of 2.53% of company’s stock.