Wheaton Precious Metals (NYSE:WPM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
A number of other research analysts have also commented on the company. TD Securities cut their target price on Wheaton Precious Metals from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. TheStreet lowered Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Monday, November 12th. Barclays started coverage on Wheaton Precious Metals in a research note on Wednesday, October 10th. They set an “overweight” rating for the company. Deutsche Bank set a $25.00 price objective on Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Finally, Raymond James increased their price objective on Wheaton Precious Metals from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, September 28th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Wheaton Precious Metals has an average rating of “Buy” and an average target price of $25.60.
Shares of NYSE WPM opened at $16.20 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.04 and a quick ratio of 8.04. The firm has a market capitalization of $7.15 billion, a P/E ratio of 25.71, a PEG ratio of 6.31 and a beta of 0.41. Wheaton Precious Metals has a one year low of $15.08 and a one year high of $22.86.
Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Wednesday, November 14th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $185.77 million during the quarter, compared to analyst estimates of $191.11 million. Wheaton Precious Metals had a net margin of 33.64% and a return on equity of 5.14%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Equities analysts anticipate that Wheaton Precious Metals will post 0.51 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in WPM. Aperio Group LLC raised its stake in Wheaton Precious Metals by 1.6% during the second quarter. Aperio Group LLC now owns 313,344 shares of the company’s stock worth $6,912,000 after acquiring an additional 4,920 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Wheaton Precious Metals by 5.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,621,937 shares of the company’s stock worth $35,807,000 after acquiring an additional 78,540 shares in the last quarter. Wedbush Securities Inc. raised its stake in Wheaton Precious Metals by 9.7% during the second quarter. Wedbush Securities Inc. now owns 29,281 shares of the company’s stock worth $646,000 after acquiring an additional 2,582 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wheaton Precious Metals by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,571 shares of the company’s stock worth $3,985,000 after acquiring an additional 17,966 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Wheaton Precious Metals by 50.3% in the second quarter. Toronto Dominion Bank now owns 3,042,568 shares of the company’s stock valued at $67,044,000 after buying an additional 1,018,780 shares in the last quarter. Hedge funds and other institutional investors own 54.21% of the company’s stock.
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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