Wheaton Precious Metals (TSE:WPM) Given New C$83.00 Price Target at TD Securities

Wheaton Precious Metals (TSE:WPM) had its price target lifted by TD Securities from C$78.00 to C$83.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential downside of 22.00% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Peel Hunt lifted their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and a consensus price target of C$96.50.

Wheaton Precious Metals Trading Up 1.3 %

TSE:WPM traded up C$1.39 during midday trading on Friday, hitting C$106.41. 292,968 shares of the company were exchanged, compared to its average volume of 652,273. The company has a fifty day simple moving average of C$92.47 and a 200 day simple moving average of C$87.85. Wheaton Precious Metals has a fifty-two week low of C$58.72 and a fifty-two week high of C$107.72. The company has a market capitalization of C$33.75 billion, a PE ratio of 55.37 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.