Wheaton Precious Metals Corp. (TSE:WPM) Receives C$179.86 Average Target Price from Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$179.86.

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. TD Securities decreased their price target on shares of Wheaton Precious Metals from C$165.00 to C$164.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Stifel Nicolaus upped their price objective on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th. Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price for the company in a research note on Wednesday, December 10th.

Wheaton Precious Metals Trading Down 3.4%

TSE:WPM opened at C$192.13 on Friday. The business’s fifty day moving average price is C$195.71 and its 200 day moving average price is C$164.79. The firm has a market capitalization of C$87.23 billion, a price-to-earnings ratio of 87.21 and a beta of 1.08. Wheaton Precious Metals has a 1-year low of C$96.18 and a 1-year high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$1.64 EPS for the quarter. Wheaton Precious Metals had a return on equity of 13.12% and a net margin of 54.72%.The firm had revenue of C$1.16 billion during the quarter. Equities analysts forecast that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.