Shares of Wheaton Precious Metals Corp (NYSE:SLW) (TSE:SLW) have been given an average rating of “Buy” by the twelve research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.67.
A number of analysts recently issued reports on SLW shares. Deutsche Bank AG raised their price objective on Wheaton Precious Metals Corp from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. TD Securities lowered their target price on Wheaton Precious Metals Corp from $24.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, May 11th. Royal Bank Of Canada restated a “buy” rating and set a $27.00 target price on shares of Wheaton Precious Metals Corp in a report on Wednesday, May 10th. Finally, Scotiabank lowered their target price on Wheaton Precious Metals Corp from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, May 10th.
Several institutional investors have recently made changes to their positions in SLW. Bard Associates Inc. boosted its position in shares of Wheaton Precious Metals Corp by 0.3% in the first quarter. Bard Associates Inc. now owns 69,912 shares of the mining company’s stock valued at $1,457,000 after buying an additional 200 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Wheaton Precious Metals Corp by 4.9% in the first quarter. Salem Investment Counselors Inc. now owns 5,383 shares of the mining company’s stock valued at $113,000 after buying an additional 250 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Wheaton Precious Metals Corp by 1.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 46,147 shares of the mining company’s stock valued at $962,000 after buying an additional 464 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Wheaton Precious Metals Corp by 6.2% in the first quarter. Integrated Investment Consultants LLC now owns 8,000 shares of the mining company’s stock valued at $167,000 after buying an additional 470 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Wheaton Precious Metals Corp by 5.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,778 shares of the mining company’s stock valued at $204,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.
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Wheaton Precious Metals Corp (SLW) opened at 20.91 on Tuesday. The firm’s 50-day moving average is $20.62 and its 200 day moving average is $20.38. Wheaton Precious Metals Corp has a 1-year low of $16.94 and a 1-year high of $31.35.
Wheaton Precious Metals Corp Company Profile
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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