Wheaton Precious Metals Corp. (TSE:WPM) Receives C$197.86 Average Price Target from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have earned an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$197.86.

A number of research analysts recently commented on WPM shares. National Bank Financial upped their price objective on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Stifel Nicolaus raised their target price on Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th. Peel Hunt lifted their target price on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price target on the stock in a research note on Wednesday, December 10th. Finally, UBS Group upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th.

Wheaton Precious Metals Price Performance

Shares of TSE:WPM opened at C$188.85 on Wednesday. The business has a fifty day moving average of C$193.44 and a two-hundred day moving average of C$168.35. The stock has a market cap of C$85.74 billion, a P/E ratio of 58.34 and a beta of 1.08. Wheaton Precious Metals has a 52-week low of C$96.18 and a 52-week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Thursday, March 12th. The company reported C$1.68 EPS for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%.The business had revenue of C$1.16 billion for the quarter. On average, equities analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

About Wheaton Precious Metals

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.