Wheaton Precious Metals Corp. (TSE:WPM) Given Average Rating of “Buy” by Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$98.38.

A number of research analysts have recently commented on WPM shares. National Bankshares increased their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Monday, March 17th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Peel Hunt lifted their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. TD Securities boosted their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Finally, CIBC raised their target price on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a research note on Friday, March 14th.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$107.51 on Friday. Wheaton Precious Metals has a one year low of C$60.61 and a one year high of C$110.46. The company’s fifty day moving average price is C$97.07 and its two-hundred day moving average price is C$89.40. The company has a market capitalization of C$34.09 billion, a price-to-earnings ratio of 55.94 and a beta of 0.70.

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.