Shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $52.70.
A number of brokerages have recently issued reports on WPM. TheStreet cut Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. National Bank Financial cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Berenberg Bank dropped their price objective on Wheaton Precious Metals from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. BMO Capital Markets decreased their target price on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Finally, CIBC boosted their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th.
Get Our Latest Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Performance
NYSE WPM opened at $41.98 on Friday. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 8.11 and a beta of 0.80. The stock’s 50 day moving average price is $46.12 and its two-hundred day moving average price is $44.75. Wheaton Precious Metals has a 52 week low of $38.37 and a 52 week high of $52.76.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $3,347,000. Goldman Sachs Group Inc. grew its holdings in shares of Wheaton Precious Metals by 18.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,352,740 shares of the company’s stock worth $66,744,000 after purchasing an additional 206,169 shares in the last quarter. Syon Capital LLC grew its holdings in shares of Wheaton Precious Metals by 4.9% during the 4th quarter. Syon Capital LLC now owns 6,575 shares of the company’s stock worth $324,000 after purchasing an additional 308 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Wheaton Precious Metals by 8.7% during the 4th quarter. Integrated Advisors Network LLC now owns 22,208 shares of the company’s stock worth $1,096,000 after purchasing an additional 1,770 shares in the last quarter. Finally, FIL Ltd grew its holdings in shares of Wheaton Precious Metals by 5.5% during the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock worth $525,235,000 after purchasing an additional 550,804 shares in the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.
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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