Wheaton Precious Metals (TSE:WPM) Sets New 12-Month High on Analyst Upgrade

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday after TD Securities raised their price target on the stock from C$76.00 to C$78.00. TD Securities currently has a buy rating on the stock. Wheaton Precious Metals traded as high as C$101.33 and last traded at C$100.92, with a volume of 206271 shares trading hands. The stock had previously closed at C$98.65.

Other equities research analysts also recently issued research reports about the company. UBS Group upgraded Wheaton Precious Metals to a "strong-buy" rating in a research report on Monday, November 18th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average price target of C$94.86.

Wheaton Precious Metals Stock Up 1.7 %

The stock has a market cap of C$31.68 billion, a PE ratio of 51.98 and a beta of 0.70. The company has a fifty day moving average price of C$88.97 and a 200 day moving average price of C$86.61.

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.