TheStreet upgraded shares of Wheaton Precious Metals (NYSE:WPM) from a c+ rating to a b- rating in a report published on Friday, TheStreetRatingsTable reports.

A number of other research firms have also recently weighed in on WPM. GMP Securities cut Wheaton Precious Metals from a buy rating to a hold rating in a report on Tuesday, July 23rd. Bank of America upped their price target on Wheaton Precious Metals from $33.50 to $35.00 and gave the stock a buy rating in a report on Thursday, September 26th. Credit Suisse Group upped their price target on Wheaton Precious Metals from $34.00 to $38.00 and gave the stock a neutral rating in a report on Friday, August 9th. Raymond James reiterated an outperform rating and set a $35.00 price objective on shares of Wheaton Precious Metals in a research note on Monday. Finally, Zacks Investment Research lowered Wheaton Precious Metals from a buy rating to a hold rating and set a $29.00 price objective for the company. in a research note on Saturday, October 19th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $32.36.

NYSE WPM traded down $0.07 during trading hours on Friday, reaching $27.93. The company’s stock had a trading volume of 160,546 shares, compared to its average volume of 2,277,619. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 58.29, a P/E/G ratio of 9.41 and a beta of -0.08. Wheaton Precious Metals has a 1-year low of $15.25 and a 1-year high of $30.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.67 and a quick ratio of 4.67. The company’s 50-day moving average is $26.79 and its two-hundred day moving average is $25.35.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $223.60 million during the quarter, compared to analysts’ expectations of $235.93 million. Wheaton Precious Metals had a return on equity of 4.07% and a net margin of 1.85%. Wheaton Precious Metals’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Equities analysts forecast that Wheaton Precious Metals will post 0.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.36 annualized dividend and a yield of 1.29%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 75.00%.

A number of large investors have recently bought and sold shares of WPM. Invesco Ltd. increased its stake in Wheaton Precious Metals by 123.9% during the 2nd quarter. Invesco Ltd. now owns 5,137,109 shares of the company’s stock worth $124,216,000 after buying an additional 2,842,321 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Wheaton Precious Metals in the third quarter valued at approximately $53,330,000. Dudley & Shanley Inc. purchased a new stake in shares of Wheaton Precious Metals in the third quarter valued at approximately $41,206,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Wheaton Precious Metals by 50.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,211,766 shares of the company’s stock valued at $53,604,000 after purchasing an additional 737,925 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Wheaton Precious Metals by 43.0% in the third quarter. Great West Life Assurance Co. Can now owns 2,188,541 shares of the company’s stock valued at $57,543,000 after purchasing an additional 658,385 shares in the last quarter. Institutional investors own 52.91% of the company’s stock.

Wheaton Precious Metals Company Profile

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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