Wheaton Precious Metals Corp. (TSE:WPM) Receives C$197.86 Average Price Target from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$197.86.

WPM has been the topic of several analyst reports. Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$205.00 to C$240.00 in a report on Tuesday, February 10th. 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 price target for the company in a report on Wednesday, December 10th. Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. TD Securities upped their price objective on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, Canaccord Genuity Group increased their price objective on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$188.85 on Wednesday. The business has a 50 day moving average of C$193.44 and a 200-day moving average of C$168.68. Wheaton Precious Metals has a 1 year low of C$96.18 and a 1 year high of C$226.68. The company has a market capitalization of C$85.74 billion, a P/E ratio of 58.34 and a beta of 1.08.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, March 12th. The company reported C$1.68 earnings per share (EPS) for the quarter. The firm had revenue of C$1.16 billion during the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. Equities analysts anticipate that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.