Berenberg Bank reaffirmed their buy rating on shares of Wheaton Precious Metals (NYSE:WPM) in a research note issued to investors on Wednesday morning, The Fly reports.

A number of other research firms also recently issued reports on WPM. National Bank Financial started coverage on Wheaton Precious Metals in a research report on Monday, January 11th. They issued an outperform rating for the company. JPMorgan Chase & Co. initiated coverage on Wheaton Precious Metals in a report on Wednesday, March 10th. They issued an overweight rating and a $56.00 price target for the company. Barclays raised Wheaton Precious Metals from an underweight rating to an equal weight rating and cut their price target for the stock from $41.00 to $39.00 in a report on Wednesday, January 6th. Credit Suisse Group cut their price target on Wheaton Precious Metals from $64.00 to $62.00 and set a neutral rating for the company in a report on Tuesday, February 2nd. Finally, TD Securities reaffirmed a buy rating and issued a $76.00 price target (up from $60.00) on shares of Wheaton Precious Metals in a report on Tuesday, March 16th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $56.58.

NYSE:WPM opened at $40.62 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.73 and a quick ratio of 2.73. The business has a fifty day simple moving average of $38.21 and a two-hundred day simple moving average of $42.51. Wheaton Precious Metals has a 1 year low of $28.94 and a 1 year high of $57.89. The company has a market capitalization of $18.26 billion, a P/E ratio of 51.42, a P/E/G ratio of 8.78 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Wheaton Precious Metals had a return on equity of 6.50% and a net margin of 37.30%. The firm had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $296.32 million. During the same period in the prior year, the business earned $0.17 earnings per share. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. As a group, analysts anticipate that Wheaton Precious Metals will post 1.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 13th. Shareholders of record on Friday, March 26th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.28%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, March 25th. Wheaton Precious Metals’s payout ratio is presently 85.71%.

A number of institutional investors have recently bought and sold shares of WPM. Childress Capital Advisors LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at approximately $26,000. Dimension Capital Management LLC bought a new stake in Wheaton Precious Metals during the 3rd quarter valued at approximately $28,000. Diversified LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at approximately $33,000. Berman Capital Advisors LLC boosted its position in Wheaton Precious Metals by 779.1% during the 4th quarter. Berman Capital Advisors LLC now owns 1,301 shares of the company’s stock valued at $54,000 after acquiring an additional 1,153 shares in the last quarter. Finally, ADE LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at approximately $59,000. 59.45% of the stock is currently owned by institutional investors and hedge funds.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, and palladium ores. It has 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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Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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