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 $81.83, down 0.29% from the previous day, and has increased 52.78% in one year. It has overperformed other stocks in the Gold industry by 0.13 percentage points. Wheaton Precious Metals stock is currently +57.49% from its 52-week low of $51.96, and -6.39% from its 52-week high of $87.42.
There are currently 453.68M shares of WPM outstanding. The market value of WPM is $37.12B. In the past 24 hours, 1.55M 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.
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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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
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 overvalued based on its P/E ratio of 70.12x, relative to Gold industry P/E ratio of 33.63x
- WPM may be overvalued based on its P/B ratio of 5.11x, relative to Gold industry P/B ratio of 2.34x
- WPM may be overvalued based on its PEG ratio of 3.04x
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 0.02.
- WPM's operating cash flow of $1.03B allows it to safely service it's debt of $5.17M.
- WPM earnings of $649.89M 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 52.9% to 41.2% 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 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
Is WPM Making Money?
Last year, WPM earnings were $529.14M. In the last 5 year, WPM's earnings have gone up by 43.32% per year. This was faster than the Gold industry average of 12.21%.
Last year, WPM revenue was $1.28B. In the last five year, WPM's revenue has gone up by 8.32% per year. This was slower than the Gold industry average of 17.29%.
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 0.59%, compared to the Gold industry's average dividend yield of 1.38%. If you owned $1,000 of WPM stock, you would have received $5.87 last year.
Wheaton Precious Metals dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Wheaton Precious Metals dividend yield and history here.
Get analysis from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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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.
Hit the Open Trade button and eToro will place the order.
If you require more help buying stocks on eToro, watch the how to video below:
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:
- 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 brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your new investment in Wheaton Precious Metals, create a watchlist today.
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