Wheaton Precious Metals Corp. (TSE:WPM) Receives C$98.38 Average PT from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has received an average rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$98.38.

WPM has been the topic of a number of research reports. National Bankshares raised their target price on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th. TD Securities raised their price objective on shares of 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. Peel Hunt increased their target price 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, March 11th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, CIBC upped their price objective on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a research note on Friday, March 14th.

Wheaton Precious Metals Price Performance

TSE WPM opened at C$110.03 on Friday. Wheaton Precious Metals has a 12 month low of C$63.87 and a 12 month high of C$111.37. The company has a market capitalization of C$34.89 billion, a price-to-earnings ratio of 57.25 and a beta of 0.70. The firm’s fifty day moving average price is C$98.14 and its 200 day moving average price is C$89.80.

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.