Wheaton Precious Metals Corp (NYSE:WPM) was the target of a large growth in short interest in February. As of February 14th, there was short interest totalling 9,720,000 shares, a growth of 42.5% from the January 30th total of 6,820,000 shares. Based on an average trading volume of 1,860,000 shares, the days-to-cover ratio is currently 5.2 days. Currently, 2.2% of the shares of the stock are short sold.
Shares of Wheaton Precious Metals stock traded down $0.58 during trading on Wednesday, hitting $32.57. 3,843,600 shares of the company were exchanged, compared to its average volume of 2,319,674. The company has a quick ratio of 4.67, a current ratio of 4.67 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals has a fifty-two week low of $19.73 and a fifty-two week high of $34.00. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 814.45, a P/E/G ratio of 7.21 and a beta of -0.03. The firm has a 50 day moving average price of $29.51 and a 200 day moving average price of $28.12.
Several brokerages have recently commented on WPM. Royal Bank of Canada reissued a “buy” rating and set a $33.00 price target on shares of Wheaton Precious Metals in a research note on Sunday, February 9th. Raymond James boosted their price target on Wheaton Precious Metals from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday. TheStreet raised Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research note on Friday, November 15th. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Tuesday, November 26th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Zacks Investment Research lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Wheaton Precious Metals currently has an average rating of “Buy” and a consensus target price of $32.10.
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.
Further Reading: Gap Down Stocks
Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.