TD Securities Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its price target raised by analysts at TD Securities from C$164.00 to C$165.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential downside of 13.41% from the stock’s current price.

Several other research analysts also recently issued reports on WPM. Stifel Nicolaus raised their price objective on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research report on Tuesday, February 10th. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. Royal Bank Of Canada upgraded 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. National Bank Financial raised their price target on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Peel Hunt upped their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$197.86.

Wheaton Precious Metals Stock Performance

TSE WPM traded down C$1.57 on Monday, reaching C$190.56. The stock had a trading volume of 361,797 shares, compared to its average volume of 812,946. Wheaton Precious Metals has a 12-month low of C$96.18 and a 12-month high of C$226.68. The business’s 50-day moving average price is C$195.71 and its 200 day moving average price is C$165.23. The stock has a market cap of C$86.52 billion, a P/E ratio of 86.50 and a beta of 1.08.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Thursday, March 12th. The company reported C$1.64 earnings per share (EPS) for the quarter. The business had revenue of C$1.16 billion for the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. On average, sell-side analysts predict 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.