Deutsche Bank set a $27.00 target price on Wheaton Precious Metals (NYSE:WPM) in a report issued on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued reports about the stock. Raymond James set a $28.00 price target on shares of Wheaton Precious Metals and gave the company a buy rating in a report on Thursday, March 21st. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a hold rating to a buy rating and set a $20.00 price target for the company in a report on Friday, July 5th. TD Securities raised their price objective on shares of Wheaton Precious Metals from $29.00 to $32.00 and gave the stock a buy rating in a report on Tuesday, March 26th. GMP Securities downgraded shares of Wheaton Precious Metals from a buy rating to a hold rating and set a $26.00 price objective for the company. in a report on Tuesday, April 23rd. Finally, Standpoint Research downgraded shares of Companhia Siderurgica Nacional from a buy rating to a hold rating in a report on Friday, March 29th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $31.29.
Shares of Wheaton Precious Metals stock opened at $24.11 on Thursday. 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 fifty-two week low of $15.08 and a fifty-two week high of $25.24. The firm has a fifty day moving average of $23.01. The company has a market cap of $10.65 billion, a P/E ratio of 50.23, a PEG ratio of 9.00 and a beta of -0.01.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Wheaton Precious Metals had a net margin of 50.78% and a return on equity of 3.86%. The firm had revenue of $225.05 million during the quarter, compared to the consensus estimate of $202.80 million. As a group, analysts forecast that Wheaton Precious Metals will post 0.53 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in WPM. Legacy Bridge LLC bought a new position in Wheaton Precious Metals during the 1st quarter valued at about $54,000. Willingdon Wealth Management bought a new position in Wheaton Precious Metals during the 1st quarter valued at about $61,000. Beutel Goodman & Co Ltd. bought a new position in Wheaton Precious Metals during the 1st quarter valued at about $62,000. Cullen Frost Bankers Inc. bought a new position in Wheaton Precious Metals during the 1st quarter valued at about $110,000. Finally, Rehmann Capital Advisory Group lifted its holdings in Wheaton Precious Metals by 30.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 7,981 shares of the company’s stock valued at $190,000 after purchasing an additional 1,849 shares during the last quarter. 55.24% of the stock is owned by 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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