Wheaton Precious Metals (TSE:WPM) Sets New 52-Week High - Time to Buy?

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as C$99.16 and last traded at C$98.86, with a volume of 464808 shares. The stock had previously closed at C$97.51.

Analysts Set New Price Targets

WPM has been the subject of several recent analyst reports. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. UBS Group upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a research report on Monday, November 18th. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus price target of C$97.67.

Wheaton Precious Metals Price Performance

The firm has a market capitalization of C$30.72 billion, a price-to-earnings ratio of 50.40 and a beta of 0.70. The business's fifty day simple moving average is C$87.41 and its 200 day simple moving average is C$85.76.

About Wheaton Precious Metals

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.