Wheaton Precious Metals Corp. (NYSE:WPM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Wheaton Precious Metals Corp. (NYSE:WPMGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $55.11.

Several brokerages have issued reports on WPM. CIBC boosted their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. TheStreet lowered Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. BMO Capital Markets lowered their target price on Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Finally, Raymond James boosted their target price on Wheaton Precious Metals from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, January 12th.

Check Out Our Latest Stock Report on Wheaton Precious Metals

Hedge Funds Weigh In On Wheaton Precious Metals

Institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its stake in Wheaton Precious Metals by 1.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,176 shares of the company’s stock worth $2,120,000 after acquiring an additional 499 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Wheaton Precious Metals by 4.7% in the 2nd quarter. Vontobel Holding Ltd. now owns 41,238 shares of the company’s stock worth $1,783,000 after acquiring an additional 1,868 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in Wheaton Precious Metals by 186.9% in the 3rd quarter. Douglas Lane & Associates LLC now owns 310,914 shares of the company’s stock worth $12,608,000 after acquiring an additional 202,539 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Wheaton Precious Metals by 18.3% in the 3rd quarter. Mackenzie Financial Corp now owns 3,411,151 shares of the company’s stock worth $133,849,000 after purchasing an additional 527,358 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Wheaton Precious Metals by 1.6% in the 3rd quarter. Gabelli Funds LLC now owns 1,171,495 shares of the company’s stock worth $47,504,000 after purchasing an additional 18,100 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Up 0.1 %

WPM stock opened at $45.55 on Tuesday. The stock’s fifty day simple moving average is $47.82 and its two-hundred day simple moving average is $44.94. Wheaton Precious Metals has a 1-year low of $38.37 and a 1-year high of $52.76. The stock has a market cap of $20.64 billion, a P/E ratio of 38.28, a P/E/G ratio of 9.06 and a beta of 0.80.

Wheaton Precious Metals Company Profile

(Get Free Report

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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Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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