Brokerages Set Wheaton Precious Metals Corp (NYSE:WPM) PT at $31.14

Shares of Wheaton Precious Metals Corp (NYSE:WPM) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $31.29.

Several equities analysts have commented on WPM shares. 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. Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, July 5th. Barclays set a $192.00 target price on Tesla and gave the stock a “sell” rating in a report on Tuesday, April 9th. GMP Securities cut Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a report on Tuesday, April 23rd. Finally, Deutsche Bank set a $81.00 target price on Franco Nevada and gave the stock a “hold” rating in a report on Thursday.

Several institutional investors and hedge funds have recently modified their holdings of the company. FIL Ltd increased its holdings in Wheaton Precious Metals by 67.0% during the 1st quarter. FIL Ltd now owns 7,726,743 shares of the company’s stock valued at $183,924,000 after purchasing an additional 3,100,285 shares in the last quarter. Deutsche Bank AG increased its holdings in Wheaton Precious Metals by 90.5% during the 4th quarter. Deutsche Bank AG now owns 5,539,961 shares of the company’s stock valued at $108,189,000 after purchasing an additional 2,632,252 shares in the last quarter. Norges Bank acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $82,689,000. Swiss National Bank increased its holdings in Wheaton Precious Metals by 3.0% during the 1st quarter. Swiss National Bank now owns 3,494,800 shares of the company’s stock valued at $83,214,000 after purchasing an additional 101,600 shares in the last quarter. Finally, FMR LLC increased its holdings in Wheaton Precious Metals by 8.2% during the 1st quarter. FMR LLC now owns 3,252,268 shares of the company’s stock valued at $77,415,000 after purchasing an additional 247,638 shares in the last quarter. 55.24% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals stock traded up $0.11 during trading hours on Friday, hitting $24.00. The stock had a trading volume of 40,018 shares, compared to its average volume of 2,139,765. The company’s 50-day simple moving average is $22.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $10.79 billion, a P/E ratio of 49.97, a PEG ratio of 9.12 and a beta of -0.01. Wheaton Precious Metals has a fifty-two week low of $15.08 and a fifty-two week high of $25.24.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $225.05 million during the quarter, compared to analysts’ expectations 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 analysts anticipate that Wheaton Precious Metals will post 0.53 earnings per share for the current fiscal year.

About Wheaton Precious Metals

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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