Wheaton Precious Metals Corp. (NYSE:WPM) Receives Consensus Rating of "Buy" from Analysts

Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) has been assigned an average rating of "Buy" from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $71.67.

WPM has been the subject of a number of recent analyst reports. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. UBS Group started coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 target price for the company. Raymond James boosted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, TD Securities raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, November 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $29,000. Promus Capital LLC bought a new stake in Wheaton Precious Metals in the 4th quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Wheaton Precious Metals in the 4th quarter valued at about $38,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $39,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

WPM stock traded up $0.81 during mid-day trading on Friday, reaching $68.31. The company had a trading volume of 248,839 shares, compared to its average volume of 1,424,614. The company has a market capitalization of $30.99 billion, a price-to-earnings ratio of 50.99, a PEG ratio of 1.70 and a beta of 0.77. Wheaton Precious Metals has a 52 week low of $38.57 and a 52 week high of $69.58. The stock has a 50 day simple moving average of $60.33 and a two-hundred day simple moving average of $61.19.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.