Zacks Investment Research lowered shares of Wheaton Precious Metals Corp (NYSE:WPM) from a hold rating to a sell rating in a research report sent to investors on Tuesday, October 17th.
According to Zacks, “Wheaton Precious Metals Corp. operates as a silver and gold streaming company. Wheaton Precious Metals Corp, formerly known as Silver Wheaton Corp, is headquartered in Vancouver, Canada. “
Several other research firms have also recently commented on WPM. Deutsche Bank AG restated a hold rating and issued a $29.00 price target (down previously from $31.00) on shares of Wheaton Precious Metals Corp in a report on Sunday, June 25th. Royal Bank Of Canada set a $27.00 price target on Wheaton Precious Metals Corp and gave the company a buy rating in a report on Monday, August 28th. Finally, BMO Capital Markets restated a buy rating and issued a $28.00 price target on shares of Wheaton Precious Metals Corp in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $27.40.
Wheaton Precious Metals Corp (NYSE:WPM) opened at 20.69 on Tuesday. Wheaton Precious Metals Corp has a 52-week low of $16.94 and a 52-week high of $25.27. The firm has a 50-day moving average of $19.93 and a 200-day moving average of $20.03. The firm has a market cap of $9.15 billion, a PE ratio of 41.30 and a beta of 0.27.
Wheaton Precious Metals Corp (NYSE:WPM) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $200.00 million during the quarter, compared to analysts’ expectations of $217.81 million. Wheaton Precious Metals Corp had a return on equity of 5.42% and a net margin of 33.86%. The firm’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp will post $0.60 EPS for the current year.
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Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Wheaton Precious Metals Corp during the 2nd quarter worth about $4,600,000. Pring Turner Capital Group Inc. purchased a new stake in shares of Wheaton Precious Metals Corp during the 2nd quarter worth about $2,051,000. First Manhattan Co. purchased a new stake in shares of Wheaton Precious Metals Corp during the 2nd quarter worth about $236,000. Delta Lloyd Asset Management N.V. purchased a new stake in shares of Wheaton Precious Metals Corp during the 2nd quarter worth about $2,932,000. Finally, Swiss National Bank purchased a new stake in shares of Wheaton Precious Metals Corp during the 2nd quarter worth about $79,348,000. Institutional investors and hedge funds own 48.36% of the company’s stock.
About Wheaton Precious Metals Corp
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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