Wheaton Precious Metals (NYSE:WPM) has been given a $28.00 target price by stock analysts at TD Securities in a research note issued on Friday, November 24th. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 33.59% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. TheStreet raised Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, October 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price objective on shares of Wheaton Precious Metals in a research report on Wednesday, September 6th. Zacks Investment Research raised Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 target price (down previously from $27.00) on shares of Wheaton Precious Metals in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $26.00.
Wheaton Precious Metals (NYSE:WPM) opened at $20.96 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.80 and a current ratio of 5.80. The company has a market capitalization of $9,120.00, a P/E ratio of 33.30, a P/E/G ratio of 6.87 and a beta of 0.30. Wheaton Precious Metals has a twelve month low of $16.94 and a twelve month high of $23.06.
Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. Wheaton Precious Metals had a return on equity of 5.54% and a net margin of 24.02%. The business had revenue of $203.00 million during the quarter, compared to the consensus estimate of $220.84 million. The business’s revenue for the quarter was down 13.0% on a year-over-year basis. research analysts expect that Wheaton Precious Metals will post 0.61 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $146,000. First Manhattan Co. purchased a new position in Wheaton Precious Metals during the 2nd quarter valued at $236,000. Atlantic Trust Group LLC purchased a new position in Wheaton Precious Metals during the 2nd quarter valued at $238,000. IFP Advisors Inc purchased a new position in Wheaton Precious Metals during the 2nd quarter valued at $393,000. Finally, World Asset Management Inc purchased a new position in Wheaton Precious Metals during the 2nd quarter valued at $517,000. Hedge funds and other institutional investors own 50.54% of the company’s stock.
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About Wheaton Precious Metals
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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