Wheaton Precious Metals (NYSE:WPM)‘s stock had its “hold” rating restated by Zacks Investment Research in a research note issued on Saturday.
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. “
A number of other equities analysts have also recently weighed in on WPM. Royal Bank of Canada set a $25.00 price target on Wheaton Precious Metals and gave the stock a “buy” rating in a report on Sunday, October 8th. TD Securities set a $28.00 price target on Wheaton Precious Metals and gave the stock a “buy” rating in a report on Friday, October 20th. TheStreet upgraded Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Tuesday, October 24th. Finally, Desjardins restated a “buy” rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.78.
Wheaton Precious Metals (NYSE WPM) traded down $0.31 during midday trading on Friday, reaching $21.95. The company’s stock had a trading volume of 2,201,174 shares, compared to its average volume of 2,120,000. The stock has a market cap of $9,680.00, a PE ratio of 46.70, a PEG ratio of 6.25 and a beta of 0.30. Wheaton Precious Metals has a 52-week low of $18.32 and a 52-week high of $23.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.80 and a current ratio of 5.80.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $203.00 million during the quarter, compared to analysts’ expectations of $220.84 million. Wheaton Precious Metals had a return on equity of 5.54% and a net margin of 24.02%. The business’s quarterly revenue was down 13.0% on a year-over-year basis. equities analysts anticipate that Wheaton Precious Metals will post 0.61 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $146,000. Atlantic Trust Group LLC acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $238,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $682,000. Westpac Banking Corp acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $987,000. Finally, Cipher Capital LP acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $974,000. Institutional investors own 50.45% of the company’s stock.
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Wheaton Precious Metals Company Profile
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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