Peel Hunt Boosts Wheaton Precious Metals (TSE:WPM) Price Target to C$110.00

Wheaton Precious Metals (TSE:WPM) had its price target upped by Peel Hunt from C$95.00 to C$110.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on WPM. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. TD Securities boosted their price target on Wheaton Precious Metals from C$76.00 to C$78.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and an average price target of C$97.00.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$105.02 on Tuesday. Wheaton Precious Metals has a one year low of C$58.72 and a one year high of C$106.17. The stock’s 50 day moving average is C$92.05 and its 200 day moving average is C$87.71. The firm has a market cap of C$33.30 billion, a P/E ratio of 54.65 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.