Wheaton Precious Metals (NYSE:WPM) received a $28.00 target price from equities research analysts at Raymond James in a report released on Thursday. The firm presently has a “buy” rating on the stock. Raymond James’ price objective would indicate a potential upside of 14.29% from the company’s previous close.
WPM has been the topic of a number of other reports. Canaccord Genuity reissued an “average” rating and issued a $41.00 price target on shares of Wheaton Precious Metals in a report on Sunday, December 16th. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, December 17th. Zacks Investment Research cut Wheaton Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, December 7th. ValuEngine raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. Finally, Credit Suisse Group cut Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of $31.17.
Shares of NYSE:WPM traded up $0.32 during mid-day trading on Thursday, reaching $24.50. 3,626,737 shares of the company traded hands, compared to its average volume of 2,382,685. The company has a market cap of $10.74 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of 8.85 and a beta of -0.01. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.27. Wheaton Precious Metals has a 52 week low of $15.08 and a 52 week high of $24.58.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. Wheaton Precious Metals had a return on equity of 4.19% and a net margin of 53.79%. The company had revenue of $196.59 million during the quarter, compared to the consensus estimate of $191.71 million. During the same period in the previous year, the company posted $0.19 EPS. The firm’s revenue was down 18.9% on a year-over-year basis. Equities research analysts predict that Wheaton Precious Metals will post 0.55 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its holdings in shares of Wheaton Precious Metals by 52.1% during the 4th quarter. Arcadia Investment Management Corp MI now owns 4,377 shares of the company’s stock worth $85,000 after acquiring an additional 1,500 shares in the last quarter. Midas Management Corp purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $117,000. Quadrant Capital Group LLC raised its holdings in shares of Wheaton Precious Metals by 2,358.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,252 shares of the company’s stock worth $138,000 after acquiring an additional 6,957 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $165,000. Finally, Cerebellum GP LLC raised its holdings in shares of Wheaton Precious Metals by 5.3% during the 4th quarter. Cerebellum GP LLC now owns 11,380 shares of the company’s stock worth $222,000 after acquiring an additional 575 shares in the last quarter. 54.56% of the stock is currently owned by institutional investors and hedge funds.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 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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