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 $44.86, down 0.99% from the previous day, and has increased 10.71% in one year. It has overperformed other stocks in the Gold industry by 0.1 percentage points. Wheaton Precious Metals stock is currently +56.74% from its 52-week low of $28.62, and -14.97% from its 52-week high of $52.76.
There are currently 452.37M shares of WPM outstanding. The market value of WPM is $20.29B. In the past 24 hours, 1.65M WPM shares were traded.
How to Buy Wheaton Precious Metals Stock
Wondering how to invest in Wheaton Precious Metals stock? Here's how.
- 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.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your payment method and add your details.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
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Open eToro AccountStep 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.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal info to create a new trading account.
- Submit your info by pressing the "Create Account" button.
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.
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
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 undervalued based on its P/E ratio of 32.53x, relative to Gold industry P/E ratio of 54.23x
- WPM may be overvalued based on its P/B ratio of 2.98x, relative to Gold industry P/B ratio of 1.71x
You can do more valuation research on WPM's stock here.
A quick look at WPM Financials
Positive Financial Indicators:
- WPM has a low debt to equity ratio of 0.01.
- There are more short-term assets than short-term liabilities on the WPM balance sheet.
- WPM's operating cash flow of $667.99M allows it to safely service it's debt of $1.77M.
- WPM earnings of $621.85M is not sufficient to cover its interest payments.
- WPM profit margin has gone up from 63.3% to 64.1% in the past year.
- There are more short-term assets than long-term liabilities on the WPM balance sheet.
- Total WPM debt is lower than 5 years ago, relative to shareholder equity.
Is it a good time to buy WPM stock, according to Wall Street analysts?
Out of 4 sell side analysts who research WPM, the consensus analyst rating on WPM is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest WPM Analyst Recommendations
Matthew Murphy, a top 24% analyst from Barclays maintains WPM with a hold rating and lowers their WPM price target from $43.00 to $42.00, on May 26, 2023.
Josh Wolfson, a top 30% analyst from RBC Capital downgrades WPM to a hold rating and announces their WPM price target of $45.00, on May 23, 2023.
Tanya Jakusconek, a bottom 39% analyst from ScotiaBank reinstates WPM with a buy rating and announces their WPM price target of $60.00, on Apr 12, 2023.
Jackie Przybylowski, a bottom 8% analyst from BMO Capital maintains WPM with a buy rating and lowers their WPM price target from $52.00 to $51.00, on Mar 10, 2023.
You can dive deeper into what analysts are forecasting on the Wheaton Precious Metals stock forecast page.
WPM Technicals
Is WPM Making Money?
Last year, WPM earnings were $623.05M. Over the past five year, WPM's earnings have grown by 58.01% per year. This was faster than the Gold industry average of 37.06%.
Last year, WPM revenue was $972.27M. During the last five year, WPM's revenue has increased by 2.86% per year. This was slower than the Gold industry average of 16.03%.
Learn more about WPM's earnings and revenue performance here.
Are WPM executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at WPM have not bought or sold any shares.
Research more about who owns WPM shares here.
Can I get consistent income from WPM stock?
Wheaton Precious Metals pays a dividend of 1.34%, compared to the Gold industry's average dividend yield of 2.26%. If you owned $1,000 of WPM stock, you would have received $13.37 last year.
Wheaton Precious Metals dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Wheaton Precious Metals dividend yield and history here.
What do other investors have to say about WPM?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your WPM buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and eToro will place the order.
If you need more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your WPM investment
Now that you own some WPM shares, you'll want to stay up-to-date on your new investment.
Add WPM to a watchlist to keep track of your WPM stock.
WPM Feed
How to Buy Stock in Wheaton Precious Metals
To reiterate, here are the 6 steps you need to take to buy Wheaton Precious Metals stock right now:
- Figure out where to buy Wheaton Precious Metals stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Wheaton Precious Metals stock
- Make your WPM buy order
- Get the latest scoop on your WPM investment
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to monitor your investment in Wheaton Precious Metals, create a watchlist on WallStreetZen today.
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