Wheaton Precious Metals (TSE:WPM) Raised to “Strong-Buy” at Stifel Canada

Wheaton Precious Metals (TSE:WPM) was upgraded by investment analysts at Stifel Canada from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.89 EPS.

Other research analysts have also issued reports about the stock. National Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$90.00 to C$105.00 in a report on Thursday, October 10th. Finally, UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Trading Up 3.1 %

Wheaton Precious Metals stock opened at C$94.44 on Tuesday. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$95.70. The firm has a market capitalization of C$42.84 billion, a price-to-earnings ratio of 54.59 and a beta of 0.70. The firm has a 50 day simple moving average of C$85.23 and a 200 day simple moving average of C$84.55.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.47. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. During the same period last year, the business posted $0.36 earnings per share. On average, equities research analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

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.