Wheaton Precious Metals (NYSE:WPM) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a $28.00 price target on the stock, up from their prior price target of $23.00. Barclays‘s target price would suggest a potential upside of 6.59% from the company’s current price. The analysts noted that the move was a valuation call.

Several other equities research analysts have also commented on the company. Standpoint Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, July 5th. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the company a “hold” rating in a research report on Thursday, July 11th. GMP Securities lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research report on Tuesday, April 23rd. Finally, Raymond James set a $28.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a research report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus price target of $30.88.

Shares of WPM stock opened at $26.27 on Tuesday. The firm has a market capitalization of $10.77 billion, a PE ratio of 54.73, a price-to-earnings-growth ratio of 9.05 and a beta of -0.01. The company has a 50-day moving average of $23.44. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.23. Wheaton Precious Metals has a 1-year low of $15.08 and a 1-year high of $26.36.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $202.80 million. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. As a group, equities analysts forecast that Wheaton Precious Metals will post 0.53 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Koshinski Asset Management Inc. boosted its holdings in Wheaton Precious Metals by 11.5% in the first quarter. Koshinski Asset Management Inc. now owns 13,603 shares of the company’s stock worth $324,000 after acquiring an additional 1,400 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Wheaton Precious Metals by 11.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,304,607 shares of the company’s stock worth $25,480,000 after acquiring an additional 132,834 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Wheaton Precious Metals by 15.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,694 shares of the company’s stock worth $1,088,000 after acquiring an additional 5,949 shares in the last quarter. Virtu Financial LLC bought a new position in Wheaton Precious Metals in the first quarter worth approximately $529,000. Finally, Squarepoint Ops LLC bought a new position in Wheaton Precious Metals in the fourth quarter worth approximately $1,892,000. Institutional investors own 55.24% of the company’s stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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