Wheaton Precious Metals (NYSE:WPM) Raised to “Strong-Buy” at Stifel Canada

Wheaton Precious Metals (NYSE:WPM) was upgraded by investment analysts at Stifel Canada from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $1.99 EPS.

Several other brokerages also recently issued reports on WPM. TD Securities lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Raymond James lifted their target price on shares of 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, UBS Group assumed coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Stock Up 3.0 %

Shares of WPM stock opened at $65.92 on Tuesday. The firm has a market cap of $29.91 billion, a PE ratio of 49.19, a price-to-earnings-growth ratio of 1.61 and a beta of 0.77. The stock has a 50 day moving average of $59.48 and a 200-day moving average of $60.71. 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 data on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period last year, the firm earned $0.27 EPS. As a group, equities analysts predict that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Wheaton Precious Metals

Large investors have recently modified their holdings of the business. Fielder Capital Group LLC boosted its holdings in shares of Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock worth $1,389,000 after buying an additional 176 shares during the period. Merit Financial Group LLC increased its stake in shares of Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after purchasing an additional 179 shares during the period. Insigneo Advisory Services LLC lifted its holdings in Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after purchasing an additional 187 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after purchasing an additional 196 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Wheaton Precious Metals by 0.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after buying an additional 197 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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.