Wheaton Precious Metals (NYSE:WPM) Stock Price Expected to Rise, Raymond James Analyst Says

Wheaton Precious Metals (NYSE:WPM) had its target price lifted by stock analysts at Raymond James from $88.00 to $90.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 6.07% from the company’s previous close. Raymond James also issued estimates for Wheaton Precious Metals’ Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.64 EPS and FY2025 earnings at $2.40 EPS.

Several other equities research analysts have also recently weighed in on the company. Scotiabank increased their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a research report on Monday. Royal Bank of Canada increased their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, April 4th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, UBS Group increased their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $83.40.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $84.85 on Tuesday. The company has a market capitalization of $38.49 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals has a one year low of $50.91 and a one year high of $86.20. The company’s fifty day moving average price is $72.95 and its 200 day moving average price is $65.27.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. 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

Institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $29,000. Promus Capital LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth approximately $38,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

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.