Wheaton Precious Metals (NYSE:WPM – Free Report) had its price objective reduced by Berenberg Bank from $57.00 to $52.00 in a report released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other analysts have also issued reports on WPM. TheStreet lowered shares of Wheaton Precious Metals from a b- rating to a c+ rating in a research report on Friday, November 10th. CIBC boosted their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Raymond James boosted their price target on shares of Wheaton Precious Metals from $57.00 to $60.00 and gave the company an outperform rating in a research report on Friday, January 12th. TD Securities lowered 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 research report on Wednesday. Finally, National Bank Financial lowered shares of Wheaton Precious Metals from an outperform rating to a sector perform rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $61.42.
Check Out Our Latest Research Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Down 2.8 %
NYSE WPM opened at $39.60 on Thursday. The company’s 50 day moving average is $47.05 and its 200-day moving average is $44.89. Wheaton Precious Metals has a 12-month low of $38.37 and a 12-month high of $52.76. The firm has a market cap of $17.94 billion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 8.11 and a beta of 0.80.
Hedge Funds Weigh In On Wheaton Precious Metals
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. West Family Investments Inc. grew its stake in Wheaton Precious Metals by 0.6% in 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 in the last quarter. Parsons Capital Management Inc. RI grew its stake in Wheaton Precious Metals by 0.4% in 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 in the last quarter. Transatlantique Private Wealth LLC grew its stake in Wheaton Precious Metals by 3.6% in 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 in the last quarter. Hexagon Capital Partners LLC grew its stake in Wheaton Precious Metals by 30.8% in 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 in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake 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 buying an additional 280 shares in the last quarter. Hedge funds and other 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.
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