Wheaton Precious Metals (NYSE:WPM) PT Set at $106.00 by UBS Group

Wheaton Precious Metals (NYSE:WPM) received a $106.00 price objective from analysts at UBS Group in a report issued on Monday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 9.95% from the stock’s current price.

Several other research analysts have also issued reports on the company. CIBC reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, July 15th. Berenberg Bank boosted their price target on Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Royal Bank Of Canada lifted their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.33.

Wheaton Precious Metals Stock Down 1.1%

Shares of Wheaton Precious Metals stock opened at $96.41 on Monday. The company has a market cap of $43.77 billion, a P/E ratio of 55.73, a PEG ratio of 2.72 and a beta of 0.39. The firm’s 50 day moving average price is $91.74 and its 200-day moving average price is $81.30. Wheaton Precious Metals has a 52-week low of $55.47 and a 52-week high of $103.81.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. As a group, equities research analysts forecast that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Wheaton Precious Metals by 2.9% in the first quarter. Pacer Advisors Inc. now owns 4,144 shares of the company’s stock valued at $322,000 after purchasing an additional 117 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its stake in shares of Wheaton Precious Metals by 2.8% in the first quarter. Asahi Life Asset Management CO. LTD. now owns 5,070 shares of the company’s stock worth $393,000 after buying an additional 140 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Wheaton Precious Metals by 2.1% in the first quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company’s stock worth $523,000 after buying an additional 140 shares during the last quarter. Continuum Advisory LLC grew its holdings in Wheaton Precious Metals by 9.0% during the first quarter. Continuum Advisory LLC now owns 1,823 shares of the company’s stock worth $142,000 after acquiring an additional 151 shares during the period. Finally, HB Wealth Management LLC raised its position in Wheaton Precious Metals by 3.2% during the second quarter. HB Wealth Management LLC now owns 5,068 shares of the company’s stock valued at $455,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.