Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$240.00

Wheaton Precious Metals (TSE:WPM) had its price target hoisted by stock analysts at Peel Hunt from C$165.00 to C$240.00 in a report released on Monday,BayStreet.CA reports. Peel Hunt’s price objective would indicate a potential upside of 34.50% from the company’s current price.

Separately, Royal Bank Of Canada raised 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 research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$145.14.

Wheaton Precious Metals Stock Performance

Shares of TSE WPM traded down C$0.95 during midday trading on Monday, hitting C$178.44. 619,018 shares of the company traded hands, compared to its average volume of 810,358. Wheaton Precious Metals has a 12-month low of C$90.72 and a 12-month high of C$214.41. The firm has a market cap of C$81.01 billion, a P/E ratio of 81.00 and a beta of 1.01. The stock has a 50-day moving average price of C$169.45 and a 200 day moving average price of C$150.22.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.62 earnings per share for the quarter. The company had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%. As a group, equities analysts expect 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.