WPM stock: buy or sell?
August 22nd, 2019
Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects.
Should I buy WPM stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Wheaton Precious Metals stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Wheaton Precious Metals stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we collected 8 ratings published for WPM stock in the last 30 days. The general sentiment of these ratings is bullish for WPM stock, with 4 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-9||Credit Suisse Group||n/a||Neutral|
WPM stock analysis
Wheaton Precious Metals shares stayed constant -0.04% to $27.04 today.
Wheaton Precious Metals shares stayed steady -0.04% to $27.04 today. Since SMA50d and SMA100d crossed up on Jul/17, WPM price climbed $2.44 per share (9.92%). Since price and SMA100d lines crossed up on May, WPM climbed $5.99 (28.46%).
Wheaton Precious Metals shares soared 2.42% this week, ending at $27.04. Early August WPM skyrocketed an outstanding 5.86% in just one week.
Wheaton Precious Metals stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. By mid March, SMA20w and SMA40w crossed up triggering a rise of 23.81%. Since late January when WPM stock price broke up the SMA40w line, it gained $8.25 (43.91%).
WPM stock price history
WPM stock went public on March 10th, 2000 with a price of $1.331. Since then, WPM stock grew a 1,933.10%, with an average of 101.70% per year. If you had invested $1,000 in WPM stock in 2000, it would worth $19,331.00 today.
1: Adjusted price after possible price splits or reverse-splits.
WPM stock historical price chart
WPM stock reached 52-week highs on August 9th at $28.10, and all-time highs 2011-04-08 with a price of 42.18.
WPM stock price target is $30.60Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 5 price predictions for WPM stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-9||Credit Suisse Group||Raises Target||$34.00||$38.00||11.8%|
|2019-8-12||Raymond James||Set Price Target||n/a||$29.00||-|
|2019-3-26||TD Securities||Raises Target||$29.00||$32.00||10.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn March, Wheaton Precious Metals reported its latest financial data, posting an amazing gain for the Earnings per Share (EPS). Analyst expected $0.05 per share, but Wheaton Precious Metals posted $0.08.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a fatal loss of -5.84% to $794.01 M dollars. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) boosted a 46.95% to 53.79%.
|2013||$728 M||-||$387 M53.2%||-|
|2014||$620 M||-14.80%||$200 M32.2%||-48.35%|
|2015||$649 M||4.60%||$-162.04 M-25.0%||-181.09%|
|2016||$892 M||37.44%||$195 M21.9%||-220.42%|
|2017||$843 M||-5.42%||$58 M6.8%||-70.43%|
|2018||$794 M||-5.84%||$427 M53.8%||640.20%|
Quarterly financial resultsWheaton Precious Metals posted $196.59 million in revenues for 2018-Q4, a 5.83% up compared to previous quarter. Reported quarter income marked $6.83 M with a profit margin of 3.47%. Profit margin collapsed a -14.84% compared to previous quarter when profit margin was 18.31%. When comparing turnover to same quarter last year, Wheaton Precious Metals sales marked a spooky drop down and plummed a -18.95%.
|2017-Q1||$262 M||-||$81 M30.9%||-|
|2017-Q2||$269 M||2.49%||$91 M33.9%||12.19%|
|2017-Q3||$203 M||-24.38%||$67 M32.8%||-26.76%|
|2017-Q4||$243 M||19.46%||$-138 M-56.8%||-306.84%|
|2018-Q1||$199 M||-17.85%||$68 M34.2%||-149.47%|
|2018-Q2||$212 M||6.60%||$318 M149.8%||367.01%|
|2018-Q3||$186 M||-12.54%||$34 M18.3%||-89.31%|
|2018-Q4||$197 M||5.83%||$7 M3.5%||-79.93%|
Wheaton Precious Metals ownershipWhen you are planning to buy a company, it's always worth to have a look its ownership structure.
Wheaton Precious Metals shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.14% of all shares.
In case of Wheaton Precious Metals stock, 62.60% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for WPM stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$12.0 B||$2.1 B||$1.0 B||$320.8 M||$787.7 M|
|Total shares||444.3 M||200.6 M||205.1 M||131.5 M||486.2 M|
|Float shares||445.2 M||179.1 M||218.4 M||130.8 M||483.9 M|
|- Institutional holdings (%)||62.6%||0.0%||72.6%||0.0%||65.5%|
|- Insider holdings (%)||0.1%||0.0%||1.8%||0.0%||1.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$26.87 - $27.32|
|Average true range||$0.83|
|50d mov avg||$25.42|
|100d mov avg||$23.50|
|200d mov avg||$21.47|
Wheaton Precious Metals performanceTo better understand Wheaton Precious Metals performance you must compare its gains with other related stocks in same sector or industry. For Wheaton Precious Metals, the comparison is made against First Majestic Silver, Coeur Mining, Endeavour Silver, Hecla Mining, Pan American Silver and SSR Mining.
|WPMWheaton Precious ...||33.66%||22.19%||52.51%|
|AGFirst Majestic Si...||84.13%||58.66%||89.47%|
|PAASPan American Silv...||59.50%||17.77%||6.71%|
Wheaton Precious Metals competitorsOne check before trading any stock is to have a look a list of its competitors, in this case for Wheaton Precious Metals. We chose 6 companies as Wheaton Precious Metals competitors as they are in the same industry or have similar market objectives.
- First Majestic Silver (AG)
- Coeur Mining (CDE)
- Endeavour Silver (EXK)
- Hecla Mining (HL)
- Pan American Silver (PAAS)
- SSR Mining (SSRM)
Latest WPM stock news
- Seeking AlphaWheaton Precious Metals Up 17% In The Last Month, More To ComeJune 19, 2019
- Seeking AlphaWheaton Precious Metals: A Streamer Of ChoiceMay 28, 2019
- Seeking AlphaWheaton Precious Metals Will Be Re-Rated Significantly HigherMay 20, 2019
- InvestorPlaceHow to Extract Profits From Wheaton Precious Metals StockApril 4, 2019
- Seeking AlphaWheaton Precious Metals: Things Should Be Better In 2019March 22, 2019