Wheaton Precious Metals (NYSE:WPM – Free Report) had its price objective decreased by Raymond James from $60.00 to $58.00 in a research note released on Thursday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.
Several other brokerages also recently issued reports on WPM. BMO Capital Markets cut their price target on Wheaton Precious Metals from $61.00 to $59.00 and set an outperform rating on the stock in a report on Wednesday. National Bank Financial downgraded Wheaton Precious Metals from an outperform rating to a sector perform rating in a research note on Wednesday. TD Securities downgraded Wheaton Precious Metals from a buy rating to a hold rating and cut their target price for the company from $58.00 to $51.00 in a research note on Wednesday. Berenberg Bank cut their target price on Wheaton Precious Metals from $57.00 to $52.00 and set a buy rating on the stock in a research note on Thursday. Finally, TheStreet downgraded Wheaton Precious Metals from a b- rating to a c+ rating in a research note on Friday, November 10th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of Hold and a consensus target price of $61.42.
Read Our Latest Research Report on WPM
Wheaton Precious Metals Trading Down 2.8 %
Shares of NYSE WPM opened at $39.60 on Thursday. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 8.11 and a beta of 0.80. Wheaton Precious Metals has a 12-month low of $38.37 and a 12-month high of $52.76. The stock’s 50 day simple moving average is $47.05 and its 200 day simple moving average is $44.89.
Institutional Trading of Wheaton Precious Metals
Hedge funds and other institutional investors have recently modified their holdings of the company. CVA Family Office LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $26,000. Atlas Capital Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $29,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of 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 buying an additional 280 shares in the last quarter. Finally, Mechanics Financial Corp raised its stake in shares of 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 buying an additional 600 shares in the last quarter. Institutional investors own 58.51% of the company’s stock.
Wheaton Precious Metals Company Profile
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.
Further Reading
Receive News & Ratings for Wheaton Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wheaton Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.