Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $86.62, but opened at $84.88. Wheaton Precious Metals shares last traded at $86.06, with a volume of 277,019 shares traded.
Analysts Set New Price Targets
Several research analysts have recently weighed in on WPM shares. CIBC lifted their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. Royal Bank of Canada boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and a consensus target price of $85.90.
Read Our Latest Stock Report on Wheaton Precious Metals
Wheaton Precious Metals Price Performance
The stock has a market capitalization of $39.00 billion, a price-to-earnings ratio of 64.14, a PEG ratio of 1.91 and a beta of 0.49. The stock's 50 day simple moving average is $80.32 and its 200-day simple moving average is $69.20.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals's quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. As a group, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.
Hedge Funds Weigh In On Wheaton Precious Metals
Several large investors have recently bought and sold shares of the stock. Birmingham Capital Management Co. Inc. AL acquired a new position in Wheaton Precious Metals during the 1st quarter valued at $360,000. Acadian Asset Management LLC acquired a new position in Wheaton Precious Metals during the 1st quarter valued at $209,000. Belpointe Asset Management LLC acquired a new position in Wheaton Precious Metals during the 1st quarter valued at $469,000. Intech Investment Management LLC raised its stake in Wheaton Precious Metals by 43.4% during the 1st quarter. Intech Investment Management LLC now owns 106,066 shares of the company's stock valued at $8,230,000 after purchasing an additional 32,091 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in Wheaton Precious Metals by 10.7% during the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company's stock valued at $871,000 after purchasing an additional 1,081 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.
About Wheaton Precious Metals
(
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 2017. Wheaton Precious Metals Corp.
Further Reading
Before you consider Wheaton Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheaton Precious Metals wasn't on the list.
While Wheaton Precious Metals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
