Wheaton Precious Metals (TSE:WPM - Get Free Report) had its price target hoisted by CIBC from C$85.00 to C$88.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's target price points to a potential downside of 18.51% from the stock's current price.
Several other equities analysts have also issued reports on the company. TD Securities boosted their price objective on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a "buy" rating in a research report on Friday. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Peel Hunt upped their price target on 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. Finally, UBS Group raised Wheaton Precious Metals to a "strong-buy" rating in a research report on Monday, November 18th. 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, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average target price of C$98.38.
View Our Latest Analysis on WPM
Wheaton Precious Metals Stock Down 0.5 %
Shares of WPM traded down C$0.57 on Friday, hitting C$107.99. The company's stock had a trading volume of 907,857 shares, compared to its average volume of 667,696. The firm's fifty day moving average price is C$94.01 and its 200-day moving average price is C$88.35. Wheaton Precious Metals has a fifty-two week low of C$58.72 and a fifty-two week high of C$110.46. The firm has a market capitalization of C$34.25 billion, a price-to-earnings ratio of 56.19 and a beta of 0.70.
Wheaton Precious Metals Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Wheaton Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheaton Precious Metals wasn't on the list.
While Wheaton Precious Metals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
