Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) – Research analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Wheaton Precious Metals in a research report issued on Wednesday, February 21st. National Bank Financial analyst S. Nagle now expects that the company will earn $0.98 per share for the year, down from their previous forecast of $1.14. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.11 per share.
WPM has been the topic of a number of other reports. CIBC raised their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Berenberg Bank lowered their price target on shares of Wheaton Precious Metals from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. TD Securities cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and lowered their price target for the company from $58.00 to $51.00 in a report on Wednesday. Raymond James lowered their price target on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a report on Friday, November 10th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.42.
Check Out Our Latest Stock Report on Wheaton Precious Metals
Wheaton Precious Metals Price Performance
Shares of Wheaton Precious Metals stock opened at $39.60 on Friday. Wheaton Precious Metals has a 1 year low of $38.37 and a 1 year high of $52.76. The firm’s 50-day moving average is $47.05 and its two-hundred day moving average is $44.89. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 8.11 and a beta of 0.80.
Hedge Funds Weigh In On Wheaton Precious Metals
A number of institutional investors have recently bought and sold shares of the business. West Family Investments Inc. raised its position in Wheaton Precious Metals by 0.6% during the 2nd quarter. West Family Investments Inc. now owns 43,777 shares of the company’s stock worth $1,892,000 after buying an additional 249 shares during the last quarter. Parsons Capital Management Inc. RI raised its position in Wheaton Precious Metals by 0.4% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock worth $2,326,000 after buying an additional 250 shares during the last quarter. Transatlantique Private Wealth LLC raised its position in Wheaton Precious Metals by 3.6% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock worth $317,000 after buying an additional 270 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Wheaton Precious Metals by 30.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock worth $57,000 after buying an additional 273 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Wheaton Precious Metals by 54.7% during 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 during the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.
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.
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