Wheaton Precious Metals (NYSE:WPM) Price Target Increased to $64.00 by Analysts at Berenberg Bank

Wheaton Precious Metals (NYSE:WPMFree Report) had its price objective raised by Berenberg Bank from $54.00 to $64.00 in a research note published on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. TD Securities raised shares of Wheaton Precious Metals from a hold rating to a buy rating and upped their target price for the stock from $51.00 to $53.00 in a research report on Monday, March 18th. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a buy rating in a research report on Monday, April 22nd. National Bank Financial downgraded shares of Wheaton Precious Metals from an outperform rating to a sector perform rating in a research report on Wednesday, February 21st. BMO Capital Markets increased their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the company an outperform rating in a research report on Tuesday. Finally, Scotiabank cut their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a sector outperform rating on the stock in a research report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $58.45.

Read Our Latest Stock Report on WPM

Wheaton Precious Metals Trading Up 0.1 %

Shares of NYSE WPM opened at $57.85 on Tuesday. The firm has a fifty day simple moving average of $50.99 and a two-hundred day simple moving average of $47.91. The firm has a market capitalization of $26.22 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 7.60 and a beta of 0.75. Wheaton Precious Metals has a 12 month low of $38.37 and a 12 month high of $57.87.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $296.80 million for the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The company’s revenue was up 38.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. On average, sell-side analysts predict that Wheaton Precious Metals will post 1.28 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals’s payout ratio is presently 47.69%.

Institutional Trading of Wheaton Precious Metals

A number of institutional investors have recently made changes to their positions in WPM. CVA Family Office LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $31,000. Principal Securities Inc. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $39,000. Fifth Third Bancorp boosted its holdings in shares of Wheaton Precious Metals by 230.7% during the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock valued at $43,000 after acquiring an additional 602 shares during the last quarter. Finally, St. Johns Investment Management Company LLC bought a new position in shares of Wheaton Precious Metals in the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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