Wheaton Precious Metals (TSE:WPM) Price Target Cut to C$187.00 by Analysts at Peel Hunt

Wheaton Precious Metals (TSE:WPM) had its target price reduced by stock analysts at Peel Hunt from C$220.00 to C$187.00 in a report released on Wednesday,BayStreet.CA reports. Peel Hunt’s price objective indicates a potential upside of 20.97% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets raised their target price on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$199.00.

Wheaton Precious Metals Stock Up 0.0%

TSE:WPM traded up C$0.01 on Wednesday, hitting C$154.58. The stock had a trading volume of 383,592 shares, compared to its average volume of 806,279. The stock has a market cap of C$70.20 billion, a price-to-earnings ratio of 39.06 and a beta of 1.40. The business’s 50-day simple moving average is C$164.14 and its two-hundred day simple moving average is C$181.82. Wheaton Precious Metals has a 52-week low of C$125.08 and a 52-week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 EPS for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. The firm had revenue of C$1.25 billion during the quarter. As a group, equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Insider Buying and Selling

In other Wheaton Precious Metals news, insider Vincent Chun Yip Lau purchased 225 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of C$176.85 per share, for a total transaction of C$39,791.25. Following the purchase, the insider directly owned 1,065 shares of the company’s stock, valued at C$188,345.25. This trade represents a 26.79% increase in their position. Corporate insiders own 0.13% of the company’s stock.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.