Canaccord Genuity Raises Wheaton Precious Metals (WPM) Price Target to C$38.00
Wheaton Precious Metals (TSE:WPM) had its price target lifted by analysts at Canaccord Genuity from C$34.00 to C$38.00 in a research report issued to clients and investors on Monday. Canaccord Genuity’s price target indicates a potential upside of 39.04% from the company’s current price.
Other analysts also recently issued reports about the company. Desjardins restated a “buy” rating on shares of Wheaton Precious Metals in a research report on Monday, December 11th. Eight Capital reiterated a “buy” rating on shares of Wheaton Precious Metals in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus target price of C$31.86.
Shares of Wheaton Precious Metals (WPM) traded up C$0.84 during trading hours on Monday, hitting C$27.33. The stock had a trading volume of 1,047,869 shares, compared to its average volume of 871,447. Wheaton Precious Metals has a twelve month low of C$23.18 and a twelve month high of C$30.32. The stock has a market capitalization of $12,120.00, a P/E ratio of 47.12 and a beta of -0.09.
Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. 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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