TD Securities Trims Wheaton Precious Metals (NYSE:WPM) Target Price to $54.00

Wheaton Precious Metals (NYSE:WPM – Get Rating) had its target price dropped by analysts at TD Securities from $55.00 to $54.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 24.48% from the stock’s previous close.

A number of other equities research analysts have also commented on WPM. National Bank Financial reduced their price objective on shares of Wheaton Precious Metals from C$70.00 to C$68.00 in a research note on Tuesday, February 14th. BMO Capital Markets dropped their target price on shares of Wheaton Precious Metals from $52.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, March 10th. Barclays increased their price target on Wheaton Precious Metals from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, January 30th. Raymond James dropped their price objective on Wheaton Precious Metals from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Finally, TheStreet raised Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.38.

Wheaton Precious Metals Stock Down 1.4 %

Shares of NYSE:WPM opened at $43.38 on Wednesday. The firm has a market cap of $19.62 billion, a P/E ratio of 29.31, a P/E/G ratio of 7.32 and a beta of 0.55. Wheaton Precious Metals has a 12-month low of $28.62 and a 12-month high of $51.90. The business has a fifty day simple moving average of $43.11 and a 200 day simple moving average of $37.91.

Wheaton Precious Metals (NYSE:WPM – Get Rating) last issued its quarterly earnings data on Friday, March 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $236.05 million for the quarter, compared to the consensus estimate of $241.70 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 62.83%. Wheaton Precious Metals’s revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. As a group, equities research analysts expect that Wheaton Precious Metals will post 1.16 EPS for the current year.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPM. AE Wealth Management LLC grew its stake in Wheaton Precious Metals by 1.2% in the fourth quarter. AE Wealth Management LLC now owns 20,679 shares of the company’s stock valued at $808,000 after acquiring an additional 246 shares during the period. First Personal Financial Services increased its stake in Wheaton Precious Metals by 24.4% during the 4th quarter. First Personal Financial Services now owns 1,335 shares of the company’s stock valued at $52,000 after purchasing an additional 262 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Wheaton Precious Metals by 54.7% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after buying an additional 280 shares during the last quarter. Value Partners Investments Inc. raised its holdings in Wheaton Precious Metals by 3.1% during the fourth quarter. Value Partners Investments Inc. now owns 9,530 shares of the company’s stock worth $372,000 after buying an additional 289 shares during the last quarter. Finally, Independent Advisor Alliance lifted its stake in shares of Wheaton Precious Metals by 3.6% in the third quarter. Independent Advisor Alliance now owns 8,551 shares of the company’s stock valued at $277,000 after buying an additional 300 shares in the last quarter. 57.01% of the stock is owned by institutional investors.

About Wheaton Precious Metals

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Wheaton Precious Metals Corp. is a mining company engages in the sale of precious metals and cobalt production. It operates through the following business segments: Gold, Silver, Palladium, Cobalt, and Other. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.