Wheaton Precious Metals Corp. [WPM] is -9.48% lower this YTD. Is it still time to buy?


Wheaton Precious Metals Corp. [NYSE: WPM] stock went on a downward path that fall over -0.10% on Wednesday, amounting to a one-week price decrease of less than -7.01%. The company report on May 24, 2022 that WHEATON PRECIOUS METALS PUBLISHES THIRD ANNUAL SUSTAINABILITY REPORT HIGHLIGHTING CONTINUED ESG LEADERSHIP.

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Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is pleased to announce the publication of its 2021 Sustainability Report, a comprehensive review of Wheaton’s environmental, social and governance (“ESG”) performance metrics. An electronic version of the report is available here.

Over the last 12 months, WPM stock dropped by -16.18%. The one-year Wheaton Precious Metals Corp. stock forecast points to a potential upside of 33.96. The average equity rating for WPM stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $16.83 billion, with 450.92 million shares outstanding and 449.67 million shares in the current float. Compared to the average trading volume of 2.50M shares, WPM stock reached a trading volume of 4431381 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Wheaton Precious Metals Corp. [WPM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WPM shares is $58.84 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WPM stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for Wheaton Precious Metals Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 24, 2021. The new note on the price target was released on March 08, 2021, representing the official price target for Wheaton Precious Metals Corp. stock. Previously, the target price had yet another raise to $57, while BMO Capital Markets analysts kept a Outperform rating on WPM stock.

The Average True Range (ATR) for Wheaton Precious Metals Corp. is set at 1.56, with the Price to Sales ratio for WPM stock in the period of the last 12 months amounting to 14.20. The Price to Book ratio for the last quarter was 2.76, with the Price to Cash per share for the same quarter was set at 0.87. Price to Free Cash Flow for WPM in the course of the last twelve months was 23.73 with Quick ratio for the last quarter at 3.70.

WPM Stock Performance Analysis:

Wheaton Precious Metals Corp. [WPM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.01. With this latest performance, WPM shares dropped by -2.39% in over the last four-week period, additionally sinking by -3.02% over the last 6 months – not to mention a drop of -16.18% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WPM stock in for the last two-week period is set at 36.74, with the RSI for the last a single of trading hit 34.23, and the three-weeks RSI is set at 38.42 for Wheaton Precious Metals Corp. [WPM]. The present Moving Average for the last 50 days of trading for this stock 44.26, while it was recorded at 40.10 for the last single week of trading, and 42.87 for the last 200 days.

Insight into Wheaton Precious Metals Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Wheaton Precious Metals Corp. [WPM] shares currently have an operating margin of +50.28 and a Gross Margin at +54.68. Wheaton Precious Metals Corp.’s Net Margin is presently recorded at +62.82.

Return on Equity for this stock inclined to 12.47, with Return on Assets sitting at 12.16.

Wheaton Precious Metals Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.70.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WPM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wheaton Precious Metals Corp. go to 5.00%.

Wheaton Precious Metals Corp. [WPM] Insider Position Details

There are presently around $10,190 million, or 64.10% of WPM stock, in the hands of institutional investors. The top three institutional holders of WPM stocks are: CAPITAL WORLD INVESTORS with ownership of 20,592,926, which is approximately 3.954% of the company’s market cap and around 0.20% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 19,311,841 shares of the stock with an approximate value of $751.23 million in WPM stocks shares; and FIRST EAGLE INVESTMENT MANAGEMENT, LLC, currently with $663.54 million in WPM stock with ownership of nearly 3.771% of the company’s market capitalization.

Positions in Wheaton Precious Metals Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 255 institutional holders increased their position in Wheaton Precious Metals Corp. [NYSE:WPM] by around 28,442,456 shares. Additionally, 197 investors decreased positions by around 26,266,354 shares, while 119 investors held positions by with 207,248,524 shares. The mentioned changes placed institutional holdings at 261,957,334 shares, according to the latest SEC report filing. WPM stock had 77 new institutional investments in for a total of 4,583,900 shares, while 53 institutional investors sold positions of 3,960,107 shares during the same period.