Wheaton Precious Metals (TSE:WPM) Upgraded by Stifel Canada to "Strong-Buy" Rating

Wheaton Precious Metals (TSE:WPM - Get Free Report) was upgraded by investment analysts at Stifel Canada from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals' Q4 2024 earnings at $0.64 EPS and FY2026 earnings at $2.89 EPS.

Several other research analysts have also recently issued reports on WPM. National Bankshares raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. National Bank Financial upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their price target on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Finally, UBS Group upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a report on Monday, November 18th. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$97.67.

Wheaton Precious Metals Trading Down 1.2 %

TSE:WPM traded down C$1.14 during mid-day trading on Tuesday, hitting C$94.55. The stock had a trading volume of 749,606 shares, compared to its average volume of 583,539. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$96.99. The stock has a market capitalization of C$42.89 billion, a price-to-earnings ratio of 54.65 and a beta of 0.70. The company has a 50 day simple moving average of C$85.57 and a 200-day simple moving average of C$84.70.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same quarter in the prior year, the firm earned $0.36 earnings per share. As a group, equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Company Profile

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.