ValuEngine upgraded shares of Wheaton Precious Metals (NYSE:WPM) from a hold rating to a buy rating in a research note published on Wednesday morning.

Other equities analysts have also issued research reports about the stock. Deutsche Bank set a $25.00 price objective on shares of Wheaton Precious Metals and gave the company a buy rating in a research report on Tuesday, October 2nd. TD Securities cut their price objective on shares of Wheaton Precious Metals from $27.00 to $25.00 and set a buy rating on the stock in a research report on Thursday, November 15th. TheStreet lowered shares of Wheaton Precious Metals from a b- rating to a c+ rating in a research report on Monday, November 12th. Raymond James raised their price objective on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the company an outperform rating in a research report on Friday, September 28th. Finally, Barclays began coverage on shares of Wheaton Precious Metals in a research report on Wednesday, October 10th. They set an overweight rating on the stock. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $25.60.

Shares of WPM opened at $16.55 on Wednesday. The company has a market cap of $7.15 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 6.31 and a beta of 0.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.04 and a current ratio of 8.04. Wheaton Precious Metals has a twelve month low of $15.08 and a twelve month high of $22.86.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $185.77 million for the quarter, compared to the consensus estimate of $191.11 million. Wheaton Precious Metals had a net margin of 33.64% and a return on equity of 5.14%. Wheaton Precious Metals’s revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Analysts predict that Wheaton Precious Metals will post 0.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.36 annualized dividend and a yield of 2.18%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 57.14%.

A number of hedge funds have recently made changes to their positions in WPM. Ruffer LLP grew its holdings in Wheaton Precious Metals by 158.3% during the third quarter. Ruffer LLP now owns 6,754,887 shares of the company’s stock valued at $108,490,000 after purchasing an additional 4,139,289 shares during the last quarter. FIL Ltd grew its holdings in Wheaton Precious Metals by 77.3% during the third quarter. FIL Ltd now owns 6,272,194 shares of the company’s stock valued at $109,745,000 after purchasing an additional 2,735,450 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Wheaton Precious Metals during the third quarter valued at approximately $43,172,000. JPMorgan Chase & Co. grew its holdings in Wheaton Precious Metals by 588.5% during the third quarter. JPMorgan Chase & Co. now owns 2,077,956 shares of the company’s stock valued at $36,364,000 after purchasing an additional 1,776,164 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Wheaton Precious Metals by 3.8% during the third quarter. First Eagle Investment Management LLC now owns 28,155,296 shares of the company’s stock valued at $492,718,000 after purchasing an additional 1,034,124 shares during the last quarter. Institutional investors own 54.21% of the company’s stock.

About Wheaton Precious Metals

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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