Wheaton Precious Metals Corp (NYSE:WPM)’s share price gapped up before the market opened on Friday . The stock had previously closed at $20.69, but opened at $21.13. Wheaton Precious Metals shares last traded at $21.90, with a volume of 3320130 shares trading hands.
Several equities analysts recently issued reports on WPM shares. Royal Bank of Canada set a $25.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Sunday, October 8th. Zacks Investment Research reissued a “hold” rating on shares of Wheaton Precious Metals in a report on Saturday, January 6th. Desjardins reissued a “buy” rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. TD Securities set a $28.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Friday, October 20th. Finally, TheStreet raised shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Wheaton Precious Metals has an average rating of “Buy” and an average target price of $25.78.
The company has a market cap of $9,680.00, a P/E ratio of 46.60, a price-to-earnings-growth ratio of 6.16 and a beta of 0.30. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.17.
Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 9th. The company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $203.00 million during the quarter, compared to the consensus estimate of $220.84 million. Wheaton Precious Metals had a net margin of 24.02% and a return on equity of 5.54%. Wheaton Precious Metals’s revenue for the quarter was down 13.0% on a year-over-year basis. sell-side analysts anticipate that Wheaton Precious Metals Corp will post 0.61 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in WPM. SG Americas Securities LLC acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $146,000. JPMorgan Chase & Co. acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $4,600,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $682,000. Atlantic Trust Group LLC acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $238,000. Finally, Pring Turner Capital Group Inc. acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $2,051,000. Institutional investors own 50.45% of the company’s stock.
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Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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