Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$106.17 and last traded at C$104.55, with a volume of 283467 shares changing hands. The stock had previously closed at C$102.40.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on WPM. Peel Hunt boosted their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a report on Tuesday. TD Securities boosted their price target on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a report on Friday. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, CIBC upped their target price on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$96.50.
Read Our Latest Research Report on WPM
Wheaton Precious Metals Trading Up 1.0 %
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.
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