Wheaton Precious Metals (TSE:WPM) Upgraded at UBS Group

Wheaton Precious Metals (TSE:WPM) was upgraded by analysts at UBS Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. National Bankshares raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Canaccord Genuity Group lifted their price objective on Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Finally, Peel Hunt increased their price target on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of C$97.67.

Wheaton Precious Metals Price Performance

WPM stock opened at C$87.40 on Monday. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$94.84. The firm has a market capitalization of C$39.65 billion, a P/E ratio of 50.52 and a beta of 0.70. The business’s 50-day moving average is C$86.23 and its two-hundred day moving average is C$80.61.

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.