Analysts Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$97.67

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$94.86.

Several brokerages recently weighed in on WPM. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, TD Securities increased their price objective on shares of Wheaton Precious Metals from C$76.00 to C$78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at C$99.66 on Tuesday. Wheaton Precious Metals has a 1 year low of C$57.38 and a 1 year high of C$102.05. The firm has a fifty day moving average price of C$88.97 and a 200-day moving average price of C$86.61. The company has a market cap of C$31.60 billion, a price-to-earnings ratio of 51.86 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.