Wheaton Precious Metals (NYSE:WPM) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other research firms have also weighed in on WPM. Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Wheaton Precious Metals in a report on Monday, June 18th. Raymond James upped their target price on Wheaton Precious Metals from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, June 12th. Finally, Zacks Investment Research upgraded Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.50.

NYSE:WPM traded up $0.58 during midday trading on Thursday, hitting $17.24. The stock had a trading volume of 4,627,300 shares, compared to its average volume of 2,139,316. The company has a quick ratio of 4.76, a current ratio of 4.76 and a debt-to-equity ratio of 0.18. The stock has a market cap of $7.46 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 6.03 and a beta of 0.21. Wheaton Precious Metals has a one year low of $15.18 and a one year high of $22.86.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Tuesday, August 14th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $212.40 million during the quarter, compared to analyst estimates of $203.92 million. Wheaton Precious Metals had a return on equity of 5.80% and a net margin of 36.76%. Wheaton Precious Metals’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. sell-side analysts anticipate that Wheaton Precious Metals will post 0.56 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of WPM. Bank of Montreal Can purchased a new stake in Wheaton Precious Metals during the second quarter worth $201,760,000. Toronto Dominion Bank lifted its holdings in Wheaton Precious Metals by 50.3% during the second quarter. Toronto Dominion Bank now owns 3,042,568 shares of the company’s stock worth $67,044,000 after buying an additional 1,018,780 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Wheaton Precious Metals during the second quarter worth $17,605,000. Selz Capital LLC purchased a new stake in Wheaton Precious Metals during the second quarter worth $16,971,000. Finally, Van ECK Associates Corp lifted its holdings in Wheaton Precious Metals by 3.9% during the second quarter. Van ECK Associates Corp now owns 20,306,408 shares of the company’s stock worth $447,961,000 after buying an additional 753,871 shares during the period. Institutional investors own 52.18% of the company’s stock.

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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