UBS Group Downgrades Wheaton Precious Metals (TSE:WPM) to Hold

Wheaton Precious Metals (TSE:WPM) was downgraded by investment analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets upgraded Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. Stifel Nicolaus boosted their target price on Wheaton Precious Metals from C$107.00 to C$141.00 in a report on Monday, April 21st. Finally, Canaccord Genuity Group boosted their price objective on Wheaton Precious Metals from C$131.00 to C$134.00 in a report on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$110.86.

Wheaton Precious Metals Trading Down 1.1%

Shares of Wheaton Precious Metals stock opened at C$132.82 on Monday. The company has a market capitalization of C$42.12 billion, a PE ratio of 69.11 and a beta of 0.70. The stock’s fifty day simple moving average is C$125.56 and its 200 day simple moving average is C$113.32. Wheaton Precious Metals has a 12 month low of C$77.28 and a 12 month high of C$143.00.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.