Wheaton Precious Metals (LSE:WPM) - Stock Price, News & Analysis

WPM Stock Overview

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America.

WPM fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 5.23% per year

Risk Analysis

WPM passed our risk checks.

Wheaton Precious Metals Corp. Competitors

Centamin

LSE:CEY

UK£1.5b

Pan African Resources

AIM:PAF

UK£471.5m

Antofagasta

LSE:ANTO

UK£22.3b

Anglo American

LSE:AAL

UK£26.7b

Price History & Performance

Summary of all time highs, changes and price drops for Wheaton Precious Metals
Historical stock prices
Current Share Price	CA$42.90
52 Week High	CA$44.91
52 Week Low	CA$30.40
Beta	0.66
1 Month Change	27.68%
3 Month Change	12.45%
1 Year Change	5.41%
3 Year Change	38.16%
5 Year Change	n/a
Change since IPO	148.53%

Recent updates

Shareholder Returns

	WPM	GB Metals and Mining	GB Market
7D	9.3%	6.6%	1.2%
1Y	5.4%	-1.9%	-0.3%

Return vs Industry: WPM exceeded the UK Metals and Mining industry which returned -1.9% over the past year.

Return vs Market: WPM exceeded the UK Market which returned -0.3% over the past year.

Price Volatility

Is WPM's price volatile compared to industry and market?
WPM volatility
WPM Average Weekly Movement	6.0%
Metals and Mining Industry Average Movement	7.9%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	11.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: WPM's share price has been volatile over the past 3 months.

Volatility Over Time: WPM's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	42	Randy V. Smallwood	www.wheatonpm.com

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017.

Wheaton Precious Metals Corp. Fundamentals Summary

How do Wheaton Precious Metals's earnings and revenue compare to its market cap?
WPM fundamental statistics
Market cap	UK£18.86b
Earnings (TTM)	UK£431.97m
Revenue (TTM)	UK£816.34m

43.7x

P/E Ratio

23.1x

P/S Ratio

Is WPM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WPM income statement (TTM)
Revenue	US$1.02b
Cost of Revenue	US$228.17m
Gross Profit	US$787.87m
Other Expenses	US$250.23m
Earnings	US$537.64m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 09, 2024

Earnings per share (EPS)	1.19
Gross Margin	77.54%
Net Profit Margin	52.92%
Debt/Equity Ratio	0%

How did WPM perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

51%

Payout Ratio

WPM Stock Overview

Rewards

Risk Analysis

Wheaton Precious Metals Corp. Competitors

LSE:CEY

UK£1.5b

AIM:PAF

UK£471.5m

LSE:ANTO

UK£22.3b

LSE:AAL

UK£26.7b

Price History & Performance

Recent News & Updates

Now 20% overvalued after recent price rise

Fourth quarter dividend of US$0.15 announced

Wheaton Precious Metals Corp. Declares Dividend, Payable on or About April 15, 2024

Full year 2023 earnings released: EPS: US$1.19 (vs US$1.48 in FY 2022)

New major risk - Revenue and earnings growth

Wheaton Precious Metals Corp. to Report Q3, 2024 Results on Nov 07, 2024

Recent updates

Now 20% overvalued after recent price rise

Fourth quarter dividend of US$0.15 announced

Wheaton Precious Metals Corp. Declares Dividend, Payable on or About April 15, 2024

Full year 2023 earnings released: EPS: US$1.19 (vs US$1.48 in FY 2022)

New major risk - Revenue and earnings growth

Wheaton Precious Metals Corp. to Report Q3, 2024 Results on Nov 07, 2024

Now 22% overvalued

Wheaton Precious Metals Corp., Annual General Meeting, May 10, 2024

Price target decreased by 10.0% to UK£45.00

Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at Salobo

Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at Salobo

Upcoming dividend of US$0.15 per share at 1.3% yield

Third quarter 2023 earnings released: EPS: US$0.26 (vs US$0.43 in 3Q 2022)

Wheaton Precious Metals Corp. Provides Production Guidance for the Full Year 2023

Wheaton Precious Metals Corp. Declares Dividend for the Fourth Quarter of 2023, Payable on or About December 8, 2023

New minor risk - Shareholder dilution

Upcoming dividend of US$0.15 per share at 1.4% yield

New major risk - Revenue and earnings growth

Wheaton Precious Metals Corp. Provides Production Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$0.31 (vs US$0.33 in 2Q 2022)

Wheaton Precious Metals Corp. Announces Demise of John Brough, Board Member

Wheaton Precious Metals Corp. Elects Jeane Hull as Director

Upcoming dividend of US$0.15 per share at 1.2% yield

Wheaton Precious Metals Corp. Confirms Retirements of Eduardo Luna and John Brough from its Board of Directors

First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.35 in 1Q 2022)

Wheaton Precious Metals Corp. Declares Second Quarterly Cash Dividend for 2023, Payable on or About June 2, 2023

Price target increased by 18% to UK£47.00

Independent Director recently sold UK£118k worth of stock

Price target decreased by 7.1% to UK£39.00

Non Independent Director recently bought UK£71k worth of stock

Upcoming dividend of US$0.15 per share at 1.4% yield

Full year 2022 earnings released: EPS: US$1.48 (vs US$1.68 in FY 2021)

Wheaton Precious Metals Corp., Annual General Meeting, May 12, 2023

Price target decreased to UK£33.00

Upcoming dividend of US$0.15 per share

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$0.43 (vs US$0.30 in 3Q 2021)

Glencore plc (LSE:GLEN) entered into an agreement to acquire Yauliyacu Mine from Wheaton Precious Metals Corp. (TSX:WPM) for $150 million.

Wheaton Precious Metals Corp. Provides Production Guidance for the Year 2022

Price target decreased to UK£33.00

Hecla Mining Company (NYSE:HL) completed the acquisition of remaining 95.1% stake in Alexco Resource Corp. (TSX:AXU) from Wheaton Precious Metals Corp. (TSX:WPM) and others.

Price target decreased to UK£36.00

Wheaton Precious Metals Corp. Declares Third Quarterly Cash Dividend, Payable on or About September 8, 2022

Second quarter 2022 earnings released: EPS: US$0.33 (vs US$0.37 in 2Q 2021)

Wheaton Precious Metals Corp. Revises Production Guidance for the Year 2022

Hecla Mining Company (NYSE:HL) entered into an agreement to acquire remaining 89% stake in Alexco Resource Corp. (TSX:AXU) for $68.7 million.

Wheaton Precious Metals Corp. Announces Board Changes

Upcoming dividend of US$0.15 per share

First quarter 2022 earnings released: EPS: US$0.35 (vs US$0.36 in 1Q 2021)

Wheaton Precious Metals Declares Second Quarter Cash Dividend, Payable on or About June 3, 2022

Price target increased to UK£39.00

Insufficient new directors

Price target increased to UK£39.00

Wheaton Precious Metals Corp. Announces Management Changes

Non Independent Director recently bought UK£71k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Wheaton Precious Metals Corp., Annual General Meeting, May 13, 2022

Wheaton Precious Metals Corp. (TSX:WPM) entered into definitive precious metal purchase agreement to acquire The Goose Project located in Nunavut, Canada from Sabina Gold & Silver Corp. (TSX:SBB) for approximately $130 million.

Wheaton Precious Metals Corp. Provides Earnings Guidance for the Year of 2022