Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$106.17 and last traded at C$104.55, with a volume of 283467 shares. The stock had previously closed at C$102.40.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on WPM. UBS Group upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a research report on Monday, November 18th. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. TD Securities lifted their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a "buy" rating in a research note on Friday. CIBC boosted their target price on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Peel Hunt upped their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Six analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$96.50.
Get Our Latest Report on WPM
Wheaton Precious Metals Stock Performance
The firm's 50-day moving average price is C$92.93 and its two-hundred day moving average price is C$88.04. The stock has a market cap of C$34.09 billion, a price-to-earnings ratio of 55.94 and a beta of 0.70.
About Wheaton Precious Metals
(
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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.
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