Stifel Nicolaus Increases Wheaton Precious Metals (TSE:WPM) Price Target to C$102.00

Wheaton Precious Metals (TSE:WPM) had its price objective raised by stock analysts at Stifel Nicolaus from C$90.00 to C$102.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 9.94% from the stock’s previous close.

WPM has been the subject of a number of other research reports. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Eight Capital boosted their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Peel Hunt boosted their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded up C$0.97 during midday trading on Monday, hitting C$92.78. 245,614 shares of the company were exchanged, compared to its average volume of 769,287. The firm has a market capitalization of C$42.09 billion, a P/E ratio of 53.71 and a beta of 0.70. The firm’s 50 day moving average price is C$83.05 and its two-hundred day moving average price is C$78.07. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.40.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.39 by C$0.06. The business had revenue of C$409.19 million during the quarter, compared to the consensus estimate of C$400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. Analysts expect that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

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.