Wheaton Precious Metals Corp. (NYSE:WPM) Given Average Recommendation of “Moderate Buy” by Brokerages
Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $52.88.
WPM has been the topic of several research analyst reports. TheStreet downgraded Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. BMO Capital Markets dropped their target price on Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Raymond James boosted their price target on Wheaton Precious Metals from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Berenberg Bank dropped their price target on Wheaton Precious Metals from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. Finally, StockNews.com began coverage on Wheaton Precious Metals in a research note on Thursday, October 5th. They set a “hold” rating on the stock.
Check Out Our Latest Report on WPM
Hedge Funds Weigh In On Wheaton Precious Metals
Institutional investors and hedge funds have recently modified their holdings of the stock. Atlas Capital Advisors LLC acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Wheaton Precious Metals by 54.7% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares during the period. Glass Jacobson Investment Advisors llc acquired a new position in Wheaton Precious Metals in the 2nd quarter worth about $33,000. Mechanics Financial Corp raised its holdings in Wheaton Precious Metals by 200.0% in the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock worth $36,000 after purchasing an additional 600 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Wheaton Precious Metals by 38.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock valued at $48,000 after acquiring an additional 328 shares during the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.
Wheaton Precious Metals Price Performance
Shares of WPM stock opened at $48.79 on Monday. Wheaton Precious Metals has a 1-year low of $38.10 and a 1-year high of $52.76. The stock’s fifty day moving average price is $45.10 and its 200 day moving average price is $43.86. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 11.60 and a beta of 0.64.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its earnings results on Thursday, November 9th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Wheaton Precious Metals had a return on equity of 6.94% and a net margin of 57.03%. The firm had revenue of $223.14 million for the quarter, compared to the consensus estimate of $241.33 million. As a group, equities research analysts anticipate that Wheaton Precious Metals will post 1.1 earnings per share for the current year.
Wheaton Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 28th were issued a $0.15 dividend. The ex-dividend date was Monday, November 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 50.42%.
About Wheaton Precious Metals (Get Free Report
Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 10, 2017. Wheaton Precious Metals Corp.
Featured Stories
NYSE: WPM” width=”600″ height=”385″ loading=”lazy”>
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Wheaton Precious Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Wheaton Precious Metals wasn’t on the list.
While Wheaton Precious Metals currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.