Analysts’ Weekly Ratings Updates for Wheaton Precious Metals (WPM)

Wheaton Precious Metals (NYSE: WPM) recently received a number of ratings updates from brokerages and research firms:

  • 10/10/2018 – Wheaton Precious Metals is now covered by analysts at Barclays PLC. They set an “overweight” rating on the stock.
  • 10/2/2018 – Wheaton Precious Metals was given a new $25.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 9/28/2018 – Wheaton Precious Metals had its price target raised by analysts at Raymond James from $26.00 to $28.00. They now have an “outperform” rating on the stock.
  • 9/27/2018 – Wheaton Precious Metals was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/28/2018 – Wheaton Precious Metals was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/13/2018 – Wheaton Precious Metals was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of WPM traded down $0.59 during trading hours on Friday, reaching $17.38. The company had a trading volume of 4,004,787 shares, compared to its average volume of 2,187,196. The company has a quick ratio of 4.76, a current ratio of 4.76 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $7.76 billion, a PE ratio of 27.59, a P/E/G ratio of 6.28 and a beta of 0.24. Wheaton Precious Metals Corp has a 12-month low of $15.18 and a 12-month high of $22.86.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Tuesday, August 14th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $212.40 million during the quarter, compared to the consensus estimate of $203.92 million. Wheaton Precious Metals had a net margin of 36.76% and a return on equity of 5.80%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. On average, research analysts anticipate that Wheaton Precious Metals Corp will post 0.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Wednesday, August 29th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, August 28th. This represents a $0.36 annualized dividend and a yield of 2.07%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 57.14%.

A number of large investors have recently bought and sold shares of the business. Hexavest Inc. boosted its stake in shares of Wheaton Precious Metals by 18.1% during the 3rd quarter. Hexavest Inc. now owns 376,679 shares of the company’s stock worth $6,586,000 after purchasing an additional 57,635 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Wheaton Precious Metals by 10.3% during the 2nd quarter. Northern Trust Corp now owns 402,492 shares of the company’s stock worth $8,879,000 after purchasing an additional 37,441 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Wheaton Precious Metals by 43.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 60,510 shares of the company’s stock worth $1,335,000 after purchasing an additional 18,393 shares during the last quarter. MAI Capital Management acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $214,000. Finally, Bank of Nova Scotia boosted its stake in shares of Wheaton Precious Metals by 7.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,427,512 shares of the company’s stock worth $31,377,000 after purchasing an additional 101,429 shares during the last quarter. Hedge funds and other institutional investors own 52.18% of the company’s stock.

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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