Wheaton Precious Metals (NYSE:WPM)‘s stock had its “hold” rating reaffirmed by Zacks Investment Research in a research report issued on Saturday.

According to Zacks, “Wheaton Precious Metals Corp. operates as a silver and gold streaming company. Wheaton Precious Metals Corp, formerly known as Silver Wheaton Corp, is headquartered in Vancouver, Canada. “

WPM has been the subject of several other research reports. TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, October 24th. Royal Bank of Canada set a $25.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Sunday, October 8th. TD Securities set a $28.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Friday, November 24th. Finally, Desjardins reissued a “buy” rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus target price of $25.78.

Shares of Wheaton Precious Metals (NYSE WPM) traded down $0.31 during trading on Friday, reaching $21.95. 2,201,174 shares of the company’s stock traded hands, compared to its average volume of 2,120,000. Wheaton Precious Metals has a twelve month low of $18.32 and a twelve month high of $23.06. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.17. The firm has a market cap of $9,680.00, a PE ratio of 46.70, a price-to-earnings-growth ratio of 6.25 and a beta of 0.30.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Wheaton Precious Metals had a net margin of 24.02% and a return on equity of 5.54%. The business had revenue of $203.00 million during the quarter, compared to analysts’ expectations of $220.84 million. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. equities analysts forecast that Wheaton Precious Metals will post 0.61 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. grew its holdings in shares of Wheaton Precious Metals by 4.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 5,383 shares of the company’s stock valued at $113,000 after purchasing an additional 250 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Wheaton Precious Metals by 3.4% during the 1st quarter. IFP Advisors Inc now owns 7,791 shares of the company’s stock valued at $129,000 after purchasing an additional 257 shares during the last quarter. Iowa State Bank bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $141,000. NEXT Financial Group Inc grew its holdings in shares of Wheaton Precious Metals by 27.9% during the 3rd quarter. NEXT Financial Group Inc now owns 5,223 shares of the company’s stock valued at $141,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Orinda Asset Management LLC grew its holdings in shares of Wheaton Precious Metals by 7.1% during the 3rd quarter. Orinda Asset Management LLC now owns 5,259 shares of the company’s stock valued at $142,000 after purchasing an additional 350 shares during the last quarter. 50.45% of the stock is currently owned by hedge funds and other institutional investors.

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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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Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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