Wheaton Precious Metals (NYSE:WPM – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, March 14th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.
Wheaton Precious Metals Stock Up 1.0 %
WPM traded up $0.45 during trading on Thursday, hitting $44.29. The company’s stock had a trading volume of 727,257 shares, compared to its average volume of 2,079,965. Wheaton Precious Metals has a one year low of $38.37 and a one year high of $52.76. The business’s 50 day simple moving average is $45.54 and its 200-day simple moving average is $44.79. The firm has a market cap of $20.07 billion, a PE ratio of 37.25, a P/E/G ratio of 8.90 and a beta of 0.76.
Analyst Ratings Changes
WPM has been the topic of a number of recent analyst reports. CIBC raised their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Wheaton Precious Metals in a report on Thursday, February 29th. They set a “buy” rating and a $49.00 price objective for the company. Scotiabank lowered their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, Raymond James reduced 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, February 22nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.50.
Check Out Our Latest Analysis on Wheaton Precious Metals
Institutional Investors Weigh In On Wheaton Precious Metals
A number of institutional investors have recently added to or reduced their stakes in WPM. Norges Bank purchased a new position in Wheaton Precious Metals during the 4th quarter worth $243,010,000. BlackRock Inc. grew its stake in shares of Wheaton Precious Metals by 245.5% during the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock worth $120,401,000 after acquiring an additional 1,798,086 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Wheaton Precious Metals by 41.7% during the first quarter. Renaissance Technologies LLC now owns 2,787,718 shares of the company’s stock valued at $132,641,000 after acquiring an additional 821,061 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Wheaton Precious Metals by 665.2% in the 1st quarter. Neuberger Berman Group LLC now owns 888,189 shares of the company’s stock valued at $42,304,000 after purchasing an additional 772,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Wheaton Precious Metals by 99.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,498,894 shares of the company’s stock worth $54,006,000 after purchasing an additional 749,011 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
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