Shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $52.70.
Several research firms recently weighed in on WPM. TD Securities cut Wheaton Precious Metals from a “buy” rating to a “hold” rating and decreased their target price for the stock from $58.00 to $51.00 in a research note on Wednesday, February 21st. Jefferies Financial Group assumed coverage on Wheaton Precious Metals in a research report on Thursday. They set a “buy” rating and a $49.00 price target on the stock. 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 research report on Wednesday, February 21st. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Finally, CIBC lifted their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th.
Get Our Latest Report on Wheaton Precious Metals
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of WPM. West Family Investments Inc. boosted its position in Wheaton Precious Metals by 0.6% during the second quarter. West Family Investments Inc. now owns 43,777 shares of the company’s stock worth $1,892,000 after purchasing an additional 249 shares in the last quarter. Parsons Capital Management Inc. RI lifted its position in shares of Wheaton Precious Metals by 0.4% in the third quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock valued at $2,326,000 after acquiring an additional 250 shares in the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of Wheaton Precious Metals by 3.6% in the third quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock valued at $317,000 after acquiring an additional 270 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Wheaton Precious Metals by 30.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock valued at $57,000 after acquiring an additional 273 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Wheaton Precious Metals by 54.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.
Wheaton Precious Metals Stock Up 1.9 %
WPM stock opened at $41.98 on Friday. The business has a 50 day moving average price of $46.12 and a 200 day moving average price of $44.75. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 8.11 and a beta of 0.80. Wheaton Precious Metals has a fifty-two week low of $38.37 and a fifty-two week high of $52.76.
About Wheaton Precious Metals
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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