Wheaton Precious Metals Corp (NYSE:WPM)’s share price gapped up before the market opened on Friday . The stock had previously closed at $31.69, but opened at $32.42. Wheaton Precious Metals shares last traded at $32.91, with a volume of 3,144,274 shares traded.
A number of equities research analysts recently issued reports on WPM shares. Royal Bank of Canada reiterated a “buy” rating and set a $33.00 target price on shares of Wheaton Precious Metals in a research report on Sunday, February 9th. TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Friday, November 15th. Raymond James reiterated an “outperform” rating and set a $35.00 target price on shares of Wheaton Precious Metals in a research report on Monday, November 18th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a report on Tuesday, November 26th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target of $32.00.
The company has a market cap of $14.52 billion, a P/E ratio of 822.96, a price-to-earnings-growth ratio of 7.15 and a beta of -0.03. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average price is $29.16 and its 200-day moving average price is $27.96.
About Wheaton Precious Metals (NYSE:WPM)
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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