Several other research firms have also recently issued reports on WPM. TD Securities set a $28.00 price objective on Wheaton Precious Metals and gave the stock a buy rating in a report on Friday, October 20th. Zacks Investment Research upgraded Wheaton Precious Metals from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Tuesday, December 19th. Desjardins restated a buy rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. Finally, TheStreet upgraded Wheaton Precious Metals from a c+ rating to a b- rating in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $25.89.
Wheaton Precious Metals (NYSE:WPM) traded down $0.04 during mid-day trading on Monday, hitting $21.94. The stock had a trading volume of 1,599,100 shares, compared to its average volume of 2,471,225. Wheaton Precious Metals has a 1-year low of $18.32 and a 1-year high of $23.06. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $9,790.00, a PE ratio of 46.68, a price-to-earnings-growth ratio of 6.15 and a beta of 0.30.
Several institutional investors and hedge funds have recently modified their holdings of WPM. SG Americas Securities LLC purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth $146,000. Trust Co purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter worth $203,000. Crossmark Global Holdings Inc. purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter worth $1,317,000. Hillsdale Investment Management Inc. purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth $1,576,000. Finally, Advisory Services Network LLC purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth $1,816,000. 50.45% of the stock is currently owned by institutional investors and hedge funds.
About Wheaton Precious Metals
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.
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