TD Securities Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its price target increased by TD Securities from C$78.00 to C$83.00 in a research report report published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts also recently weighed in on WPM. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Peel Hunt lifted their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$96.50.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at C$106.04 on Friday. The business has a 50-day moving average of C$92.47 and a 200-day moving average of C$87.85. The company has a market capitalization of C$33.63 billion, a PE ratio of 55.18 and a beta of 0.70. Wheaton Precious Metals has a 1-year low of C$58.72 and a 1-year high of C$107.72.

About Wheaton Precious Metals

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.