Wheaton Precious Metals Corp. (NYSE:WPM) Receives $53.25 Average Target Price from Analysts

Wheaton Precious Metals Corp. (NYSE:WPMGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three research 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 brokers that have issued a report on the stock in the last year is $55.11.

WPM has been the subject of a number of analyst reports. CIBC boosted their target price on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. BMO Capital Markets decreased their price objective on shares of Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Raymond James upped their price objective on shares of Wheaton Precious Metals from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Finally, TheStreet downgraded shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th.

View Our Latest Report on WPM

Wheaton Precious Metals Trading Up 0.1 %

Shares of WPM stock opened at $45.55 on Tuesday. The firm has a fifty day moving average price of $47.82 and a 200 day moving average price of $44.94. The company has a market cap of $20.64 billion, a P/E ratio of 38.28, a PEG ratio of 9.06 and a beta of 0.80. Wheaton Precious Metals has a 12 month low of $38.37 and a 12 month high of $52.76.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in WPM. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Wheaton Precious Metals by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock valued at $301,893,000 after buying an additional 361,138 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Wheaton Precious Metals by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 481,497 shares of the company’s stock worth $22,909,000 after purchasing an additional 4,497 shares in the last quarter. US Bancorp DE raised its holdings in Wheaton Precious Metals by 4.9% during the first quarter. US Bancorp DE now owns 11,778 shares of the company’s stock worth $561,000 after purchasing an additional 551 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Wheaton Precious Metals by 21.3% during the first quarter. PNC Financial Services Group Inc. now owns 20,122 shares of the company’s stock worth $957,000 after purchasing an additional 3,535 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Wheaton Precious Metals by 245.5% during the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock worth $120,401,000 after purchasing an additional 1,798,086 shares in the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.

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 10, 2017. Wheaton Precious Metals Corp.

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Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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