Wheaton Precious Metals (TSE:WPM) Given New C$78.00 Price Target at TD Securities

Wheaton Precious Metals (TSE:WPM) had its price objective raised by TD Securities from C$76.00 to C$78.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently commented on WPM. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$94.86.

Wheaton Precious Metals Stock Up 2.2 %

Shares of TSE WPM opened at C$100.81 on Wednesday. Wheaton Precious Metals has a 12 month low of C$52.87 and a 12 month high of C$101.33. The company has a market cap of C$31.97 billion, a price-to-earnings ratio of 52.46 and a beta of 0.70. The business has a fifty day simple moving average of C$88.29 and a 200-day simple moving average of C$86.19.

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.