Wheaton Precious Metals (NYSE:WPM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities analysts also recently commented on WPM. TheStreet downgraded shares of Wheaton Precious Metals from a “b-” rating to a “c” rating in a report on Thursday, March 29th. TD Securities raised their price objective on shares of Wheaton Precious Metals from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research raised shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.33.

Shares of Wheaton Precious Metals opened at $21.60 on Wednesday, MarketBeat Ratings reports. The company has a quick ratio of 8.52, a current ratio of 2.51 and a debt-to-equity ratio of 0.13. Wheaton Precious Metals has a fifty-two week low of $21.29 and a fifty-two week high of $21.47. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 7.19 and a beta of 0.39.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, May 10th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $199.25 million during the quarter, compared to the consensus estimate of $209.38 million. Wheaton Precious Metals had a net margin of 7.65% and a return on equity of 5.75%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. equities research analysts expect that Wheaton Precious Metals will post 0.6 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Mad River Investors lifted its holdings in shares of Wheaton Precious Metals by 1.1% during the 4th quarter. Mad River Investors now owns 243,150 shares of the company’s stock worth $5,381,000 after acquiring an additional 2,650 shares during the period. Pring Turner Capital Group Inc. lifted its holdings in Wheaton Precious Metals by 2.7% during the 1st quarter. Pring Turner Capital Group Inc. now owns 103,955 shares of the company’s stock valued at $2,118,000 after purchasing an additional 2,780 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Wheaton Precious Metals by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 144,970 shares of the company’s stock valued at $3,208,000 after purchasing an additional 3,489 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Wheaton Precious Metals by 7.8% during the 1st quarter. First Republic Investment Management Inc. now owns 63,413 shares of the company’s stock valued at $1,291,000 after purchasing an additional 4,562 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Wheaton Precious Metals by 6.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 95,474 shares of the company’s stock valued at $1,944,000 after purchasing an additional 5,398 shares during the last quarter. 55.09% of the stock is owned by institutional investors.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 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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