Wheaton Precious Metals (NYSE:WPM) had its price objective raised by TD Securities from $28.00 to $30.00 in a report released on Tuesday morning. TD Securities currently has a buy rating on the stock.
WPM has been the topic of a number of other reports. Zacks Investment Research lowered shares of Wheaton Precious Metals from a hold rating to a sell rating in a report on Friday, February 16th. ValuEngine upgraded shares of Wheaton Precious Metals from a hold rating to a buy rating in a report on Thursday, May 3rd. Royal Bank of Canada set a $26.00 price objective on shares of Wheaton Precious Metals and gave the company a buy rating in a report on Monday, January 15th. Finally, TheStreet lowered shares of Wheaton Precious Metals from a b- rating to a c rating in a report on Thursday, March 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $27.33.
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Shares of WPM opened at $21.60 on Tuesday. Wheaton Precious Metals has a twelve month low of $21.29 and a twelve month high of $21.47. The firm has a market capitalization of $9.51 billion, a PE ratio of 34.29, a PEG ratio of 7.20 and a beta of 0.39. The company has a current ratio of 2.51, a quick ratio of 8.52 and a debt-to-equity ratio of 0.13.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Wheaton Precious Metals had a net margin of 7.65% and a return on equity of 5.75%. The business had revenue of $199.25 million for the quarter, compared to analyst estimates of $209.38 million. Wheaton Precious Metals’s revenue was up .7% compared to the same quarter last year. equities analysts expect that Wheaton Precious Metals will post 0.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Friday, May 25th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, May 24th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 57.14%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Wealth Management LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $206,000. Greenleaf Trust purchased a new position in Wheaton Precious Metals during the 4th quarter worth $211,000. Timber Hill LLC purchased a new position in Wheaton Precious Metals during the 1st quarter worth $211,000. Gamble Jones Investment Counsel purchased a new position in Wheaton Precious Metals during the 4th quarter worth $221,000. Finally, First Allied Advisory Services Inc. purchased a new position in Wheaton Precious Metals during the 4th quarter worth $242,000. 55.09% of the stock is currently owned by hedge funds and other institutional investors.
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.