Wheaton Precious Metals Corp. (TSE:WPM) Receives Consensus Rating of “Buy” from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has received an average rating of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$98.38.

A number of equities analysts have weighed in on WPM shares. CIBC increased their price target on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. TD Securities increased their target price on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Peel Hunt boosted their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, National Bankshares boosted their target price on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Monday, March 17th.

Wheaton Precious Metals Price Performance

TSE WPM opened at C$110.03 on Friday. The company has a market cap of C$34.89 billion, a P/E ratio of 57.25 and a beta of 0.70. Wheaton Precious Metals has a 12 month low of C$63.87 and a 12 month high of C$111.37. The company has a 50-day moving average of C$98.14 and a 200-day moving average of C$89.80.

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.