Royal Bank of Canada set a $26.00 price objective on Wheaton Precious Metals (NYSE:WPM) in a research note published on Monday morning. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently issued reports on WPM. TD Securities set a $28.00 price objective on shares of Wheaton Precious Metals and gave the stock a buy rating in a research report on Friday, October 20th. Zacks Investment Research raised shares of Wheaton Precious Metals from a hold rating to a buy rating and set a $24.00 price objective for the company in a research report on Tuesday, December 19th. Desjardins reaffirmed a buy rating on shares of Wheaton Precious Metals in a research report on Monday, December 11th. Finally, TheStreet raised shares of Wheaton Precious Metals from a c+ rating to a b- rating in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $25.89.

Wheaton Precious Metals (NYSE:WPM) traded down $0.25 during trading on Monday, hitting $21.98. 1,833,300 shares of the stock traded hands, compared to its average volume of 2,550,509. The stock has a market cap of $9,720.00, a PE ratio of 46.77, a P/E/G ratio of 6.22 and a beta of 0.30. Wheaton Precious Metals has a 1-year low of $18.32 and a 1-year high of $23.06. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.17.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $203.00 million during the quarter, compared to analysts’ expectations of $220.84 million. Wheaton Precious Metals had a net margin of 24.02% and a return on equity of 5.54%. Wheaton Precious Metals’s revenue for the quarter was down 13.0% on a year-over-year basis. sell-side analysts expect that Wheaton Precious Metals will post 0.61 earnings per share for the current year.

A number of large investors have recently made changes to their positions in WPM. SG Americas Securities LLC acquired a new stake in Wheaton Precious Metals during the 2nd quarter worth $146,000. Trust Co acquired a new stake in Wheaton Precious Metals during the 3rd quarter worth $203,000. Crossmark Global Holdings Inc. acquired a new stake in Wheaton Precious Metals during the 3rd quarter worth $1,317,000. Hillsdale Investment Management Inc. acquired a new stake in Wheaton Precious Metals during the 2nd quarter worth $1,576,000. Finally, Advisory Services Network LLC acquired a new position in Wheaton Precious Metals in the second quarter valued at $1,816,000. Hedge funds and other institutional investors own 50.45% of the company’s stock.

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Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.

Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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