Wheaton Precious Metals Corp (NYSE:WPM) Receives $31.14 Consensus PT from Analysts

Shares of Wheaton Precious Metals Corp (NYSE:WPM) have been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.14.

A number of research analysts have recently issued reports on the company. Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price target (up from $25.00) on shares of Wheaton Precious Metals in a report on Wednesday, April 10th. TD Securities upped their price target on Wheaton Precious Metals from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Barclays downgraded Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 9th. Standpoint Research downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, GMP Securities downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a report on Tuesday, April 23rd.

Wheaton Precious Metals stock traded up $0.14 during mid-day trading on Wednesday, hitting $23.13. The company had a trading volume of 27,125 shares, compared to its average volume of 1,898,075. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.23. Wheaton Precious Metals has a 12 month low of $15.08 and a 12 month high of $25.24. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 48.04, a price-to-earnings-growth ratio of 8.44 and a beta of -0.04.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $225.05 million for the quarter, compared to the consensus estimate of $202.80 million. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. On average, equities research analysts predict that Wheaton Precious Metals will post 0.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 24th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, May 23rd. Wheaton Precious Metals’s payout ratio is 75.00%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. increased its holdings in Wheaton Precious Metals by 11.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,304,607 shares of the company’s stock worth $25,480,000 after purchasing an additional 132,834 shares during the period. Bank of Nova Scotia lifted its position in Wheaton Precious Metals by 13.3% during the 4th quarter. Bank of Nova Scotia now owns 1,726,728 shares of the company’s stock worth $33,723,000 after acquiring an additional 202,886 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Wheaton Precious Metals by 28.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 770,454 shares of the company’s stock worth $15,033,000 after acquiring an additional 172,496 shares during the last quarter. State of Tennessee Treasury Department lifted its position in Wheaton Precious Metals by 0.4% during the 4th quarter. State of Tennessee Treasury Department now owns 349,706 shares of the company’s stock worth $6,826,000 after acquiring an additional 1,467 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Wheaton Precious Metals by 26.4% during the 4th quarter. CIBC Asset Management Inc now owns 370,719 shares of the company’s stock worth $7,239,000 after acquiring an additional 77,373 shares during the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.

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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Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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