Wheaton Precious Metals Corp. (TSE:WPM) Receives C$97.67 Consensus Target Price from Brokerages

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$94.86.

WPM has been the subject of several analyst reports. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. TD Securities boosted their price target on Wheaton Precious Metals from C$76.00 to C$78.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th.

Wheaton Precious Metals Price Performance

Shares of TSE WPM opened at C$99.89 on Tuesday. The stock has a market capitalization of C$31.68 billion, a PE ratio of 51.98 and a beta of 0.70. The business has a fifty day moving average price of C$88.97 and a two-hundred day moving average price of C$86.54. Wheaton Precious Metals has a fifty-two week low of C$54.95 and a fifty-two week high of C$101.33.

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.