Wheaton Precious Metals Corp. (TSE:WPM) Receives C$98.38 Consensus PT from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus rating of “Buy” by the nine research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$98.38.

WPM has been the subject of several research analyst reports. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. CIBC raised their target price on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a report on Friday, March 14th. National Bankshares boosted their price target on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th. Peel Hunt raised their price objective on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, TD Securities lifted their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a report on Friday, March 14th.

Wheaton Precious Metals Trading Down 0.3 %

Shares of WPM opened at C$107.30 on Friday. The company’s 50-day moving average price is C$96.05 and its 200 day moving average price is C$89.04. Wheaton Precious Metals has a 12-month low of C$60.61 and a 12-month high of C$110.46. The firm has a market cap of C$34.03 billion, a P/E ratio of 55.83 and a beta of 0.70.

Wheaton Precious Metals Company Profile

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.