Analysts Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$98.38

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$98.38.

A number of equities research analysts have recently issued reports on WPM shares. Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. CIBC boosted their target price 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, March 14th. TD Securities increased their target price on 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. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, National Bankshares increased their price objective on 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.

Wheaton Precious Metals Trading Down 0.9 %

Shares of WPM opened at C$107.51 on Friday. Wheaton Precious Metals has a 1-year low of C$60.61 and a 1-year high of C$110.46. The stock has a market capitalization of C$34.09 billion, a P/E ratio of 55.94 and a beta of 0.70. The business’s 50-day moving average price is C$97.07 and its 200 day moving average price is C$89.40.

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.