<div id="readability-page-1"><p><span>Wheaton Precious Metals (NYSE:WPM - Get Free Report)</span> had its price objective upped by Scotiabank  from $108.00 to $109.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a &#34;sector outperform&#34; rating on the stock. Scotiabank's price objective would suggest a potential upside of 12.51% from the stock's previous close.</p><ul><li>3 Metal Stocks with Double-Digit Upside</li></ul><p>A number of other equities research analysts have also recently commented on the company. UBS Group  set a $106.00 target price on Wheaton Precious Metals and gave the stock a &#34;neutral&#34; rating in a research note on Monday. CIBC  reissued an &#34;outperform&#34; rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Wall Street Zen lowered Wheaton Precious Metals from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday. BMO Capital Markets  reissued an &#34;outperform&#34; rating on shares of Wheaton Precious Metals in a report on Friday. Finally, Raymond James Financial lifted their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an &#34;outperform&#34; rating in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one  has issued  a strong buy rating to the company's stock. According to data from MarketBeat, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $97.33.</p><p><b>Get Our Latest Stock Analysis on Wheaton Precious Metals</b></p><h2>Wheaton Precious Metals Price Performance</h2><ul><li>Is silver more precious in 2024 as gold loses luster?</li></ul><p>Shares of NYSE WPM traded down $0.63 during mid-day trading on Tuesday, reaching $96.88. 536,700 shares of the company's stock were exchanged, compared to its average volume of 1,849,035. The firm has a market capitalization of $43.98 billion, a price-to-earnings ratio of 56.03, a price-to-earnings-growth ratio of 2.81 and a beta of 0.39. Wheaton Precious Metals has a 52 week low of $55.47 and a 52 week high of $103.81. The firm has a 50-day moving average price of $91.65 and a two-hundred day moving average price of $81.19. </p><p>Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The company had revenue of $503.22 million for the quarter, compared to analysts' expectations of $424.23 million. Wheaton Precious Metals had a return on equity of 12.12% and a net margin of 47.46%. The business's revenue for the quarter was up 68.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS.  As a group, sell-side analysts forecast that  Wheaton Precious Metals will post 1.46 EPS for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><ul><li>Analysts Recommend These Mining Stocks Before Metal Prices Rally</li></ul><p>Hedge funds and other institutional investors have recently modified their holdings of the business. Bulwark Capital Corp purchased a new position in shares of  Wheaton Precious Metals during the second quarter worth about $27,000.  Delta Asset Management LLC TN purchased a new position in shares of  Wheaton Precious Metals during the second quarter worth about $27,000.  NBT Bank N A NY grew its holdings in shares of  Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares in the last quarter.  Wealth Preservation Advisors LLC purchased a new position in shares of  Wheaton Precious Metals during the first quarter worth about $38,000.  Finally, Banque Cantonale Vaudoise purchased a new position in shares of  Wheaton Precious Metals during the first quarter worth about $49,000. Hedge funds and other institutional investors own  70.34% of the company's stock. </p><h2>About Wheaton Precious Metals</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Wheaton Precious Metals</li><li>3 Home Improvement Stocks that Can Upgrade Your Portfolio</li><li>Alphabet Reclaims $200 Threshold—Bull Run Reignited?</li><li>How to Short a Stock in 5 Easy Steps </li><li>AST Space Mobile on Track for Explosive Upside</li><li>Insider Trades May Not Tell You What You Think</li><li>How Vertiv Is Cashing in on AI's Power Crisis</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdQTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdQTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wheaton Precious Metals Right Now?</h2><p>Before you consider Wheaton Precious Metals, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheaton Precious Metals wasn't on the list.</p><p>While Wheaton Precious Metals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Scotiabank has raised its price target for Wheaton Precious Metals (NYSE:WPM) from $108.00 to $109.00, maintaining a "sector outperform" rating. This suggests a potential upside of 12.51% from the stock's previous close. Other analysts have also provided mixed ratings, with a consensus price target of $97.33. Wheaton Precious Metals reported strong earnings, with a revenue increase of 68.2% year-over-year and an EPS of $0.63, exceeding expectations. The stock is currently trading at $96.88, with a market cap of $43.98 billion.</p>

Scotiabank Issues Positive Forecast for Wheaton Precious Metals (NYSE:WPM) Stock Price