Wheaton Precious Metals (NYSE:WPM) received a $45.00 price objective from equities research analysts at Raymond James in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 8.33% from the company’s current price.
Other equities analysts also recently issued reports about the company. ValuEngine downgraded Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research report on Saturday, February 29th. Deutsche Bank upped their price target on Wheaton Precious Metals from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Canaccord Genuity reaffirmed a “buy” rating and set a $55.00 price target on shares of Wheaton Precious Metals in a research report on Thursday, May 7th. Credit Suisse Group reaffirmed a “hold” rating and set a $46.00 price target on shares of Wheaton Precious Metals in a research report on Thursday, May 7th. Finally, Standpoint Research downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $40.80.
Wheaton Precious Metals stock opened at $41.54 on Tuesday. The business has a fifty day moving average of $42.03 and a two-hundred day moving average of $32.98. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.14. The firm has a market cap of $19.10 billion, a P/E ratio of 153.85, a P/E/G ratio of 9.32 and a beta of 0.52. Wheaton Precious Metals has a twelve month low of $18.66 and a twelve month high of $47.15.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $254.79 million for the quarter, compared to the consensus estimate of $250.67 million. Wheaton Precious Metals had a return on equity of 5.59% and a net margin of 13.88%. Equities analysts expect that Wheaton Precious Metals will post 0.91 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Wheaton Precious Metals by 54.6% during the 1st quarter. Royal Bank of Canada now owns 10,269,691 shares of the company’s stock worth $282,723,000 after purchasing an additional 3,628,061 shares during the period. Pathstone Family Office LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth about $157,000. State of Tennessee Treasury Department grew its position in Wheaton Precious Metals by 1.1% during the 1st quarter. State of Tennessee Treasury Department now owns 342,518 shares of the company’s stock worth $9,430,000 after purchasing an additional 3,702 shares during the period. The Manufacturers Life Insurance Company grew its position in Wheaton Precious Metals by 45.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,759,203 shares of the company’s stock worth $75,079,000 after purchasing an additional 858,407 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth about $56,327,000. 58.51% of the stock is currently owned by institutional investors.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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