Wheaton Precious Metals Corp. Receives C$98.38 Consensus Target Price from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has recently been assigned a consensus rating of "Buy" by nine research firms monitoring the company. According to data from MarketBeat.com, out of these analysts, six have given the stock a buy rating, while three have offered a strong buy rating. Analysts have suggested an average target price of C$98.38 for the next twelve months.

The stock of Wheaton Precious Metals has been analyzed several times. On February 4th, Stifel Canada upgraded the company from a "hold" rating to a "strong-buy" rating in a research report. More recently, on March 14th, CIBC increased their target price from C$85.00 to C$88.00, labeling the stock as "outperform." On March 17th, National Bankshares raised their price target further from C$115.00 to C$120.00, also giving the stock an "outperform" rating. Similarly, on March 11th, Peel Hunt elevated their price objective from C$95.00 to C$110.00, rating the company as "buy." Furthermore, TD Securities also increased their price objective from C$78.00 to C$83.00, maintaining a "buy" rating on March 14th.

Recent Trading Performance

As of Friday, shares of Wheaton Precious Metals opened at C$107.30. The company has a 50-day moving average price of C$96.05 and a 200-day moving average price of C$89.04. Over the past year, the stock has seen a low of C$60.61 and a high of C$110.46. Currently, Wheaton Precious Metals holds a market capitalization of C$34.03 billion, a price-to-earnings (P/E) ratio of 55.83, and a beta of 0.70.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. specializes in the sale of precious metals across North America, Europe, and South America. The company’s portfolio includes the production and sale of gold, silver, palladium, and cobalt. Originally known as Silver Wheaton Corp., the company was renamed Wheaton Precious Metals Corp. in May 2017.

Wheaton, Precious, Metals