Wheaton Precious Metals Corp (NYSE:WPM) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 4,540,000 shares, a decrease of 12.7% from the September 15th total of 5,200,000 shares. Based on an average daily volume of 2,680,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.0% of the company’s shares are short sold.
Shares of WPM traded up $0.26 during midday trading on Wednesday, hitting $27.30. 2,150,200 shares of the company’s stock traded hands, compared to its average volume of 2,449,924. Wheaton Precious Metals has a 1 year low of $15.08 and a 1 year high of $30.90. The firm’s fifty day moving average is $26.94 and its 200-day moving average is $24.90. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 56.88, a price-to-earnings-growth ratio of 9.46 and a beta of -0.12.
Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Wheaton Precious Metals had a positive return on equity of 3.35% and a negative net margin of 3.33%. The firm had revenue of $189.47 million during the quarter, compared to analyst estimates of $194.90 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that Wheaton Precious Metals will post 0.57 EPS for the current year.
Several brokerages recently issued reports on WPM. Canaccord Genuity reissued a “buy” rating on shares of Wheaton Precious Metals in a research note on Friday, August 23rd. Barclays cut Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock. in a research note on Tuesday, October 15th. ValuEngine lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. GMP Securities lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, TheStreet lowered Wheaton Precious Metals from a “b” rating to a “c+” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $31.82.
Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Wheaton Precious Metals by 39.2% during the 2nd quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock valued at $43,000 after purchasing an additional 495 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Wheaton Precious Metals by 135.8% during the 2nd quarter. Assetmark Inc. now owns 2,014 shares of the company’s stock valued at $49,000 after purchasing an additional 1,160 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Wheaton Precious Metals by 36.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,905 shares of the company’s stock valued at $50,000 after purchasing an additional 505 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Wheaton Precious Metals by 67.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,263 shares of the company’s stock valued at $55,000 after purchasing an additional 908 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Wheaton Precious Metals by 318.3% in the 2nd quarter. Huntington National Bank now owns 2,773 shares of the company’s stock valued at $67,000 after acquiring an additional 2,110 shares during the period. Hedge funds and other institutional investors own 53.91% of the company’s stock.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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