Wheaton Precious Metals (TSE:WPM) was downgraded by UBS Group from a \"strong-buy\" rating to a \"hold\" rating in a research note issued on Monday, according to Zacks.com. Several other research analysts have also commented on WPM. Stifel Nicolaus lifted their target price on Wheaton Precious Metals from C$107.00 to C$141.00 in a research report on Monday, April 21st. Canaccord Genuity Group upped their price target on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a report on Tuesday, June 10th. Finally, BMO Capital Markets upgraded Wheaton Precious Metals to a \"strong-buy\" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued 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 price target of C$110.86.\n\nWheaton Precious Metals stock opened at C$132.82 on Monday. The company has a market cap of C$42.12 billion, a price-to-earnings ratio of 69.11 and a beta of 0.70. Wheaton Precious Metals has a 12 month low of C$77.28 and a 12 month high of C$143.00. The stock’s 50-day moving average is C$125.56 and its 200-day moving average is C$113.32.\n\nWheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.

Wheaton Precious Metals (TSE:WPM) Rating Lowered to Hold at UBS Group

UBS Group has downgraded Wheaton Precious Metals (TSE:WPM) from a 'strong-buy' to a 'hold' rating in a research note issued on Monday. Several other analysts have adjusted their ratings and price targets: Stifel Nicolaus raised its target price from C$107.00 to C$141.00, Canaccord Genuity Group increased it slightly to C$134.00, and BMO Capital Markets upgraded the stock to a 'strong-buy' rating. The company currently has an average rating of 'Buy' and an average price target of C$110.86. Wheaton Precious Metals, a major global precious metals streaming company, has a market capitalization of C$42.12 billion, a price-to-earnings ratio of 69.11, and a beta of 0.70. The stock traded at C$132.82 on its opening day, with a 12-month price range between C$77.28 and C$143.00, and moving averages of C$125.56 (50-day) and C$113.32 (200-day). The company operates by entering into agreements to purchase precious metals or cobalt from high-quality mines via upfront and delivery-based payments.