Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$88.00

Wheaton Precious Metals (TSE:WPM) had its price target upped by CIBC from C$85.00 to C$88.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on WPM. TD Securities upped their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a report on Friday. 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 report on Tuesday, March 11th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. 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 presently has an average rating of “Buy” and an average target price of C$96.50.

Wheaton Precious Metals Price Performance

WPM opened at C$106.04 on Friday. Wheaton Precious Metals has a 1 year low of C$58.72 and a 1 year high of C$107.72. The stock’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 price-to-earnings ratio of 55.18 and a beta of 0.70.

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.