RBC Capital analyst Josh Wolfson maintained a Hold rating on Wheaton Precious Metals (WPM – Research Report) on April 19 and set a price target of $45.00. The company’s shares closed yesterday at $51.52.
According to TipRanks, Wolfson is a 4-star analyst with an average return of 4.3% and a 62.33% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Franco-Nevada, and Gold Fields.
In addition to RBC Capital, Wheaton Precious Metals also received a Hold from National Bank’s Shane Nagle in a report issued on April 5. However, on April 19, Stifel Nicolaus maintained a Buy rating on Wheaton Precious Metals (NYSE: WPM).
Based on Wheaton Precious Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $313.47 million and a net profit of $168.43 million. In comparison, last year the company earned a revenue of $236.05 million and had a net profit of $166.13 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WPM in relation to earlier this year.
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Wheaton Precious Metals (WPM) Company Description:
Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Peñasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.
