Deutsche Bank set a $27.00 price objective on Wheaton Precious Metals (NYSE:WPM) in a research report released on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
Several other research analysts have also weighed in on the stock. Raymond James set a $28.00 price objective on shares of Wheaton Precious Metals and gave the stock a buy rating in a research note on Thursday, March 21st. GMP Securities lowered shares of Wheaton Precious Metals from a buy rating to a hold rating and set a $26.00 price target on the stock. in a research note on Tuesday, April 23rd. TD Securities lifted their price target on shares of Wheaton Precious Metals from $29.00 to $32.00 and gave the company a buy rating in a research note on Tuesday, March 26th. Barclays set a $192.00 price target on shares of Tesla and gave the company a sell rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Friday, July 5th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wheaton Precious Metals currently has a consensus rating of Buy and a consensus target price of $31.29.
Wheaton Precious Metals stock opened at $24.11 on Thursday. The business’s 50 day moving average price is $23.01. Wheaton Precious Metals has a fifty-two week low of $15.08 and a fifty-two week high of $25.24. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 50.23, a price-to-earnings-growth ratio of 9.00 and a beta of -0.01. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.23.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Wheaton Precious Metals had a net margin of 50.78% and a return on equity of 3.86%. The business had revenue of $225.05 million for the quarter, compared to analyst estimates of $202.80 million. As a group, research analysts anticipate that Wheaton Precious Metals will post 0.53 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Koshinski Asset Management Inc. lifted its stake in Wheaton Precious Metals by 11.5% in the first quarter. Koshinski Asset Management Inc. now owns 13,603 shares of the company’s stock valued at $324,000 after buying an additional 1,400 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Wheaton Precious Metals by 11.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,304,607 shares of the company’s stock valued at $25,480,000 after buying an additional 132,834 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Wheaton Precious Metals by 15.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,694 shares of the company’s stock valued at $1,088,000 after buying an additional 5,949 shares in the last quarter. Virtu Financial LLC bought a new position in Wheaton Precious Metals in the first quarter valued at approximately $529,000. Finally, Squarepoint Ops LLC bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $1,892,000. 55.24% of the stock is currently owned by hedge funds and other institutional investors.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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