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

Wheaton Precious Metals Corp. (TSE:WPM) has been given an average recommendation of “Buy” by the nine analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$98.38.

WPM has been the topic of several analyst reports. CIBC lifted their target price 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. National Bankshares lifted their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Monday, March 17th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Peel Hunt lifted their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, TD Securities upped their price objective on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a report on Friday, March 14th.

Wheaton Precious Metals Stock Down 0.3 %

TSE WPM opened at C$107.30 on Friday. The firm has a market cap of C$34.03 billion, a P/E ratio of 55.83 and a beta of 0.70. Wheaton Precious Metals has a 52-week low of C$60.61 and a 52-week high of C$110.46. The business’s 50-day moving average price is C$96.05 and its 200 day moving average price is C$89.04.

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.