Goldman lifts Wheaton Precious Metals Corp. [WPM] price estimate. Who else is bullish?

Wheaton Precious Metals Company [NYSE: WPM] The price fell -0.13 percent to -$0.04. Company report on August 18 2022 That Wheaton Precious Metals enter into an agreement to terminate the current silver stream at the Yuliaco Mine.

TSX | New York Stock Exchange | LSE: WPM.

Wheaton Precious Metals™ Corp (“Wheaton” or the “Company”) announces that it has entered into a definitive agreement with certain affiliates of Glencore plc (“Glencore”) (LSE: GLEN) to terminate its silver stream on the Yauliyacu mine in Peru for a cash payment of $150 US$1 million, minus the total value of any deliveries to Wheaton of silver produced in 2022 before closing. Wheaton has agreed to terminate the stream in order to help facilitate Glencore’s sale of the Yauliyacu mine.

3268179 shares were traded in the last session while the average daily trading volume was 2.69 million shares. Shares of Wheaton Precious Metals Corp reached $32.54 and fell as low as $31.14 to end the last session at $31.68.

WPM stock forecast for 1 year is for a potential upside at 41.63. The average equity rating for WPM stock is currently 1.90, and it is trading near a bullish pattern in the stock market.

The teacher’s opinion of the Wheaton Precious Metals Company. [WPM]:

Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for WPM shares is $54.27 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on WPM stock is a set recommendation at 1.90. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Goldman made an estimate for Wheaton Precious Metals Corp stock, keeping their opinion of the stock as a buy, with their previous recommendation back on September 12, 2022. While these analysts held the previous recommendation, KeyBanc Capital Markets raised its target price to overweight. The new price target note was released on September 24, 2021, which is the official target price for Wheaton Precious Metals Corp. stock. Previously, the target price had taken another boost to $51, while RBC Capital Mkts analysts maintained Outperform’s rating on WPM stock.

The Average True Range (ATR) is set for Wheaton Precious Metals Corp. at 1.11, with a price-to-sales ratio for WPM stock in the past twelve months at 12.20. The price-to-book ratio for the last quarter was 2.23, with the price-to-cash-to-cash ratio for the same quarter set at 1.01. WPM’s free cash flow rate for the past 12 months was 20.20 with a Q4 quick ratio of 21.30.

WPM stock performance analysis:

Wheaton Precious Metals Company [WPM] It fell into the red at the end of last week, fell in a negative direction and fell by -3.00. With this latest performance, WPM shares are down -1.37% over the past four-week period, as well as -34.14% over the past six months – not to mention a -23.16% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for WPM stock for the last two weeks is set at 45.15, with the RSI for the last one trading session at 44.77, and the three-week RSI is set at 44.44 for Wheaton Precious Metals Corp. [WPM]. The current moving average for the last 50 trading days for this stock is 32.79 while it recorded at 31.92 for the last trading week, and 40.30 for the last 200 days.

An insight into the fundamentals of Wheaton Precious Metals:

Operating margin for any stock indicates how profitable the investment is, Wheaton Precious Metals Corp. [WPM] The stock currently has an operating margin of +50.28 and a gross margin of +54.68. Wheaton Precious Metals Corp’s net margin is currently at +62.82.

The return on equity for this stock fell to 12.47, with the return on assets remaining at 12.16.

Wheaton Precious Metals Corp’s liquidity data is also interesting, with the quick ratio at 21.30 and the current ratio set at 21.30.

WPM Stock EPS

The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for WPM. When it comes to the stated value, analysts expect Wheaton Precious Metals Corp’s 5-year EPS growth rate to rise to 5.00%.

Wheaton Precious Metals Company [WPM] Insider position details

There are currently approximately $8,205 million, or 64.10% of WPM’s stock, in the hands of institutional investors. The three largest institutional owners of WPM shares are: Capital WORLD INVESTORS with 26,961,964 ownership, which is approximately 30.928% of the company’s market capitalization and approximately 0.20% of the total institutional ownership; VAN ECK ASSOCIATES CORP, which owns 1,8806.874 shares of stock with an approximate value of $595.8 million in WPM stock; and FIRST EAGLE INVESTMENT MANAGEMENT, LLC, with $539.57 million in WPM stock with ownership of approximately -0.151% of the company’s market capitalization.

Positions in Wheaton Precious Metals Corp shares held by institutional investors rose at the end of August and at the time of the August report, as 239 institutional owners consolidated their position in Wheaton Precious Metals Corp. [NYSE:WPM] About 26,958,600 shares. In addition, the number of 222 investors decreased by 29.979,862 shares, while 107 investors occupied positions by 202,047,753 shares. The said changes put institutional holdings at 258,986,215 shares, according to the latest report from the Securities and Exchange Commission. WPM stock had 51 new institutional investments totaling 1,382,343 shares, while 75 institutional investors sold positions totaling 3,374,242 shares during the same period.