Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$83.00

Wheaton Precious Metals (TSE:WPM) had its price target lifted by TD Securities from C$78.00 to C$83.00 in a research note published on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently weighed in on WPM. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Peel Hunt increased their price objective on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Finally, UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus price target of C$96.50.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at C$106.04 on Friday. The firm’s 50-day simple moving average is C$92.93 and its 200 day simple moving average is C$88.04. The firm has a market cap of C$33.63 billion, a P/E ratio of 55.18 and a beta of 0.70. Wheaton Precious Metals has a 52 week low of C$58.72 and a 52 week high of C$107.72.

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.