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 $142.92, down 0.67% from the previous day, and has increased 33.13% in one year. It has overperformed other stocks in the Gold industry by 0.06 percentage points. Wheaton Precious Metals stock is currently +54.4% from its 52-week low of $92.57, and -13.78% from its 52-week high of $165.76.
There are currently 454.13M WPM shares outstanding. The market capitalization of WPM is $64.90B. In the last 24 hours, 1.88M 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 choose an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Wheaton Precious Metals stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose 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 market research tools can help you evaluate 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 specific price.
- Get the latest scoop on your WPM investment: Create a watchlist to monitor your investment in Wheaton Precious Metals stock.
Step 1: Figure out where to buy Wheaton Precious Metals stock
You will need an online brokerage account in order to access the NYSE market and buy WPM stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
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Get $10 towards your purchase of shares by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you can buy WPM today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on the best stock market app, you can securely and quickly fund your account:
Watch the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Research Wheaton Precious Metals stock
Once you have chosen the best place to buy Wheaton Precious Metals stock, it's critical to research their stock prior to buying, so you truly wrap your head around the risk and opportunity.
Overview of key WPM info
Wheaton Precious Metals Due Diligence Score
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on WPM's stock page.
How is WPM stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge WPM's fair value.
Using relative valuations methods:
- WPM may be overvalued based on its P/E ratio of 31.65x, relative to Gold industry P/E ratio of 17.19x
- WPM may be overvalued based on its P/B ratio of 6.7x, relative to Gold industry P/B ratio of 3.41x
- WPM may be overvalued based on its PEG ratio of 1.66x
You can do additional valuation analysis on WPM's stock here.
WPM Financial Health
Positive Financial Indicators:
- WPM has $100.19M in cash and short term investments. This is sufficient to cover its annual cash burn of $2.81B.
- WPM profit margin has gone up from 47.5% to 64.7% in the past year.
- WPM has a low debt to equity ratio of 0.26.
Negative Financial Indicators:
- There are more short-term liabilities than short-term assets on the WPM balance sheet.
- Total WPM debt is higher than 5 years ago, relative to shareholder equity.
- WPM has cash burn of 2813638000. It does not have sufficient cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the WPM balance sheet.
Do analysts think it's a good time to buy WPM stock
Out of 5 Wall Street analysts who give recommendations on WPM, the consensus analyst rating on Wheaton Precious Metals is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
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 $2.05B. Over the past five year, WPM's earnings have grown by 26.16% per year. This was slower than the Gold industry average of 27.7%.
Last year, WPM revenue was $3.17B. During the last five year, WPM's revenue has increased by 20.51% per year. This was faster than the Gold industry average of 19.79%.
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 0.41%, compared to the Gold industry's average dividend yield of 1.47%. If you owned $1,000 of WPM stock, you would have received $4.09 last year.
Wheaton Precious Metals dividend payments have consistently grown over the past decade and have 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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