Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$120.00

Wheaton Precious Metals (TSE:WPM) had its price target increased by National Bankshares from C$115.00 to C$120.00 in a report published on Monday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

WPM has been the subject of several other research reports. TD Securities raised their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday. CIBC lifted their price objective on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Peel Hunt lifted 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, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and an average price target of C$98.38.

Wheaton Precious Metals Stock Up 2.4 %

Shares of WPM stock opened at C$108.56 on Monday. The company has a 50 day moving average of C$93.48 and a 200-day moving average of C$88.18. Wheaton Precious Metals has a 12-month low of C$58.72 and a 12-month high of C$109.07. The firm has a market cap of C$34.43 billion, a P/E ratio of 56.49 and a beta of 0.70.

About Wheaton Precious Metals

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.