Weekly Investment Analysts’ Ratings Updates for Wheaton Precious Metals (WPM)

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Several analysts have recently updated their ratings and price targets for Wheaton Precious Metals (NYSE: WPM):

  • 8/20/2020 – Wheaton Precious Metals had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $50.00 price target on the stock.
  • 8/17/2020 – Wheaton Precious Metals had its price target raised by analysts at Raymond James from $51.00 to $58.00. They now have an “outperform” rating on the stock.
  • 8/17/2020 – Wheaton Precious Metals had its price target raised by analysts at TD Securities from $55.00 to $64.00. They now have a “buy” rating on the stock.
  • 8/13/2020 – Wheaton Precious Metals had its “sector outperform” rating reaffirmed by analysts at Scotiabank. They now have a $55.00 price target on the stock, up previously from $53.00.
  • 7/23/2020 – Wheaton Precious Metals was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $55.00 price target on the stock. According to Zacks, “Wheaton has withdrawn current-year production guidance due to temporary ramp down of operations at some of its partner mines amid coronavirus pandemic. Wheaton’s partner operations are currently running with the exception of Voisey's Bay, Constancia, Yauliyacu, San Dimas, Los Filos, Antamina and Peñasquito mines. The company’s revenues are particularly sensitive to changes in the prices of precious metals and cobalt, thus, decline in commodity prices due to the pandemic is likely to mar Wheaton’s revenues. However, Wheaton's mine expansion activities, strong cash position, operating cash flows combined with available credit capacity provide scope for continued investments to acquire additional accretive precious metals. Wheaton’s earnings estimates for the current year have undergone upward revisions lately.”
  • 7/22/2020 – Wheaton Precious Metals had its price target raised by analysts at Credit Suisse Group AG from $57.00 to $65.00. They now have a “neutral” rating on the stock.
  • 7/20/2020 – Wheaton Precious Metals was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $38.00 price target on the stock, up previously from $31.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/15/2020 – Wheaton Precious Metals had its price target raised by analysts at Raymond James from $45.00 to $51.00. They now have an “outperform” rating on the stock.
  • 6/23/2020 – Wheaton Precious Metals was given a new $45.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.

NYSE WPM traded up $0.16 on Thursday, reaching $51.68. The company had a trading volume of 58,859 shares, compared to its average volume of 2,899,784. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $49.98 and its 200 day moving average is $38.76. Wheaton Precious Metals Corp has a 52-week low of $18.66 and a 52-week high of $57.89. The stock has a market capitalization of $23.72 billion, a P/E ratio of 65.42, a P/E/G ratio of 10.67 and a beta of 0.60.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Wednesday, August 12th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Wheaton Precious Metals had a return on equity of 6.50% and a net margin of 37.30%. On average, research analysts expect that Wheaton Precious Metals Corp will post 0.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, August 26th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 71.43%.

Several large investors have recently bought and sold shares of WPM. tru Independence LLC bought a new position in shares of Wheaton Precious Metals during the 2nd quarter worth $31,000. Bessemer Group Inc. bought a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $40,000. Balentine LLC bought a new stake in shares of Wheaton Precious Metals in the second quarter valued at approximately $54,000. Pacitti Group Inc. lifted its stake in shares of Wheaton Precious Metals by 33.2% during the 1st quarter. Pacitti Group Inc. now owns 2,408 shares of the company’s stock valued at $66,000 after buying an additional 600 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $67,000. 58.04% of the stock is currently owned by institutional investors.

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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