Wheaton Precious Metals (NYSE:WPM) Stock Rating Upgraded by Stifel Canada

Stifel Canada upgraded shares of Wheaton Precious Metals (NYSE:WPM) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $1.99 EPS.

Several other analysts have also recently issued reports on WPM. UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. Raymond James upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, TD Securities upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $65.92 on Tuesday. The stock’s 50-day moving average is $59.48 and its two-hundred day moving average is $60.71. The stock has a market cap of $29.91 billion, a PE ratio of 49.19, a P/E/G ratio of 1.61 and a beta of 0.77. Wheaton Precious Metals has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, research analysts anticipate that Wheaton Precious Metals will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On Wheaton Precious Metals

Several hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $236,000. Jones Financial Companies Lllp lifted its stake in Wheaton Precious Metals by 68.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,615 shares of the company’s stock worth $203,000 after acquiring an additional 1,464 shares in the last quarter. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $277,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $98,000. Finally, Capital Wealth Planning LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $739,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

About Wheaton Precious Metals

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.