Are Things Looking Up For Wheaton Precious Metals Corp (NYSE: WPM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Wheaton Precious Metals Recognized Among Corporate Knights’ 2024 100 Most Sustainable Corporations in the World.

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Stocks Info

The company is listed on the NYSE and operates within the Gold industry segment. At the end of the last regular session, the stock closed at $48.04 and fluctuated between $48.50 as its day high and $47.28 as its day low. The current market capitalization of Wheaton Precious Metals Corp is $21.76B. A total of 2.67 million shares were traded on the day, compared to an average of 1.73M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, WPM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 125 BUYs and 54 SELLs from insiders. Insiders purchased 705,800 shares during that period but sold 644,283.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Wheaton Precious Metals Corp pays an annual dividend of $0.59, resulting in a dividend yield of 1.23%, and it has a price to earnings (P/E) ratio of 40.67. WPM’s most recent ex-dividend date was 11/27/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 12/8/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/24/2023. The WPM stock dividend was $0.15 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for WPM in the last 3 months, the mean price target is $57.58 with high estimates of $66.00 and low estimates of $50.00. In terms of 52-week highs and lows, WPM has a high of $52.76 and a low of $38.37.

As of this writing, WPM has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.28. The company reported an EPS of $0.31 in the last quarter, which was 14.80% higher than expectations of $0.27.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WPM’s latest balance sheet shows that the firm has $226.04M in Cash & Short Term Investments as of fiscal 2021. There were $2.87M in debt and $29.69M in liabilities at the time. Its Book Value Per Share was $15.11, while its Total Shareholder’s Equity was $6.25B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WPM is Buy with a score of 4.42.

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