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How to Buy Wheaton Precious Metals Stock

Wheaton Precious Metals Corp

Wheaton Precious Metals is a gold company located in British Columbia, Canada, which is part of the Basic Materials sector, and is traded under the ticker WPM on the NYSE exchange.

Wheaton Precious Metals stock last closed at $47.13, up 1.86% from the previous day, and has decreased 2.06% in one year. It has overperformed other stocks in the Gold industry by 0.08 percentage points. Wheaton Precious Metals stock is currently +22.82% from its 52-week low of $38.37, and -10.67% from its 52-week high of $52.76.

There are currently 453.07M shares of WPM outstanding. The market value of WPM is $21.35B. In the past 24 hours, 1.57M WPM shares were traded.

How to Buy Wheaton Precious Metals Stock

Wondering how to invest in Wheaton Precious Metals stock? Here's how.
  1. Figure out where to buy Wheaton Precious Metals stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Wheaton Precious Metals stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your payment method and add your details.
  4. Research Wheaton Precious Metals stock: The Wheaton Precious Metals ticker symbol is WPM. Is Wheaton Precious Metals stock a good investment? Should you buy shares of WPM? How do WPM's underlying business fundamentals look? Do top analysts think Wheaton Precious Metals is a good buy? Why has WPM's stock price moved recently? (Hint: Our stock research tools can help you understand if WPM is a good stock to buy).
  5. Make your WPM buy order: Decide if you will purchase WPM shares at the current market price or use a limit order to buy WPM shares at a particular price.
  6. Get the latest scoop on your WPM investment: Create a watchlist to keep track of your new investment in Wheaton Precious Metals stock.

Step 1: Figure out where to buy Wheaton Precious Metals stock

You need an online brokerage account in order to access the NYSE market and buy WPM shares.

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal information so you are able to buy WPM today.

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Step 3: Put funds into your brokerage account

Now that you've created your account on the best stock app, you can securely and quickly fund your account:

Watch this video walkthrough if you need help depositing funds into your new brokerage account.

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Step 4: Research Wheaton Precious Metals stock

After you have figured out the best place to buy Wheaton Precious Metals stock, it's crucial to evaluate their stock before you invest, so you actually wrap your head around the risk as well as the upside.

Overview of key WPM info

WPM Price
$47.13
1w %
3.83%
1y %
-2.06%
5y %
93.39%
P/E
39.71x
P/B
3.06x
P/S
21x
PEG
33.28x
Revenue
$1.02B
Earnings
$537.64M
Fore. Rev. Growth
12.31%
Fore. Earn. Growth
1.19%
Market Cap
$21.35B
Next Earnings
May 9, 2024
Next Dividend
Apr 15, 2024

Fundamentals of Wheaton Precious Metals

WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on WPM's stock page.

Is WPM stock undervalued?

Analysts use many financial metrics, analyses, models, and charts to gauge WPM's true value.

Using relative valuations metrics:

  • WPM may be overvalued based on its P/E ratio of 39.71x, relative to Gold industry P/E ratio of 10.81x
  • WPM may be overvalued based on its P/B ratio of 3.06x, relative to Gold industry P/B ratio of 1.6x
  • WPM may be overvalued based on its PEG ratio of 33.28x

You can do more valuation analysis on WPM's stock here.

WPM Financial Health Summary

Positive Financial Indicators:

  • Total WPM debt is lower than 5 years ago, relative to shareholder equity.
  • WPM has a low debt to equity ratio of 0.01.
  • WPM's operating cash flow of $750.81M allows it to safely service it's debt of $6.23M.
  • WPM earnings of $544.57M is not sufficient to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the WPM balance sheet.
  • There are more short-term assets than long-term liabilities on the WPM balance sheet.

Negative Financial Indicators:

  • WPM profit margin has gone down from 62.8% to 52.9% in the past year.

Do Wall Street analysts think it's a good time to buy Wheaton Precious Metals stock

Out of 4 sell side analysts who track WPM, the consensus analyst rating on Wheaton Precious Metals is a Strong Buy

It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are saying on the Wheaton Precious Metals stock forecast page.

WPM Momentum

SMA10
45.03
SMA20
44.54
SMA50
44.6
SMA100
46
SMA200
44.43
MACD
0.54
MACD Signal
0.22
MACD Histogram
0.32
RSI
64.17
Stochastic %K
71.93
Stochastic %D
58.76
StochRSI %K
81.42
StochRSI %D
66.88

Is WPM Making Money?

Last year, WPM earnings were $537.64M. In the last 5 year, WPM's earnings have gone up by 4.34% per year. This was slower than the Gold industry average of 17.76%.

Last year, WPM revenue was $1.02B. In the last five year, WPM's revenue has gone up by 5.06% per year. This was slower than the Gold industry average of 15.51%.

You can research WPM's earnings and revenue performance here.

Are WPM insiders buying or selling the stock?

In the last year, insiders at WPM have not bought or sold any shares.

Get more info about who owns WPM stock here.

Can I rely on WPM as an income stream?

Wheaton Precious Metals pays a dividend of 0.95%, compared to the Gold industry's average dividend yield of 2.25%. If you owned $1,000 of WPM stock, you would have received $9.55 last year.

Wheaton Precious Metals dividend payments have consistently grown over the past decade but have not remained stable.

Get more analysis about Wheaton Precious Metals dividend yield and history here.

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Step 5: Make your WPM buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price, place a limit order.

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Step 6: Get the latest scoop on your WPM investment

Now that you own some shares in WPM, you'll want to keep up with your new investment.

Create a watchlist to get alerted to the latest events about your WPM stock.

WPM Feed

How to Buy Stock in Wheaton Precious Metals

To reiterate, here are the 6 steps for buying Wheaton Precious Metals stock:

  1. Figure out where to buy Wheaton Precious Metals stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Research Wheaton Precious Metals stock
  5. Make your WPM buy order
  6. Get the latest scoop on your WPM investment

If you need a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your new investment in Wheaton Precious Metals, create a watchlist today.

NYSE: WPM
$47.13+0.86 (+1.86%)
Updated Mar 28, 2024
Open eToro Account
NYSE: WPM
$47.13+0.86 (+1.86%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Wheaton Precious Metals share?

As of Mar 28, 2024, it costs $47.13 to buy one share of Wheaton Precious Metals stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.212 shares of WPM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Wheaton Precious Metals stock?

According to 4 Wall Street analysts who monitor Wheaton Precious Metals, their consensus recommendation is to buy Wheaton Precious Metals stock.

What is the best way to buy Wheaton Precious Metals stock?

One way to place an order for Wheaton Precious Metals stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.