National Bankshares Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its price objective raised by National Bankshares from C$115.00 to C$120.00 in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also commented on WPM. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Securities increased their price target on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. CIBC increased their price target on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Finally, Peel Hunt upped their target price on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Six analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$98.38.

Wheaton Precious Metals Price Performance

TSE WPM opened at C$109.17 on Monday. The firm has a market cap of C$34.62 billion, a PE ratio of 56.81 and a beta of 0.70. The stock’s 50 day simple moving average is C$94.53 and its 200 day simple moving average is C$88.52. Wheaton Precious Metals has a one year low of C$58.72 and a one year high of C$110.46.

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.