CIBC Lowers Wheaton Precious Metals Corp (TSE:WPM) Price Target to C$24.00
Wheaton Precious Metals Corp (TSE:WPM) had its price objective reduced by stock analysts at CIBC from C$25.00 to C$24.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential downside of 5.81% from the stock’s previous close.
A number of other analysts have also recently weighed in on WPM. National Bank Financial raised their price objective on Wheaton Precious Metals Corp from C$30.00 to C$32.00 in a research report on Friday. Canaccord Genuity lowered their price objective on Wheaton Precious Metals Corp from C$35.00 to C$34.00 in a research report on Friday.
Wheaton Precious Metals Corp (TSE:WPM) traded down 6.40% during midday trading on Friday, hitting $23.85. The company had a trading volume of 1,415,646 shares. Wheaton Precious Metals Corp has a 52 week low of $22.63 and a 52 week high of $40.34. The company has a market capitalization of $10.54 billion and a P/E ratio of 39.42. The stock has a 50 day moving average price of $25.25 and a 200 day moving average price of $27.03.
Wheaton Precious Metals Corp Company Profile
Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. 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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