Wheaton Precious Metals (TSE:WPM) Rating Increased to Strong-Buy at Stifel Canada

Wheaton Precious Metals (TSE:WPM) was upgraded by equities research analysts at Stifel Canada from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.89 EPS.

Several other analysts have also recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Finally, National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$94.44 on Tuesday. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$95.70. The stock has a market capitalization of C$42.84 billion, a PE ratio of 54.59 and a beta of 0.70. The company has a fifty day moving average of C$85.23 and a two-hundred day moving average of C$84.55.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.47. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. During the same period last year, the company earned $0.36 earnings per share. Research 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 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.