TD Securities Cuts Wheaton Precious Metals (TSE:WPM) Price Target to C$164.00

Wheaton Precious Metals (TSE:WPM) had its price objective dropped by investment analysts at TD Securities from C$165.00 to C$164.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential downside of 17.40% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Peel Hunt increased their price target on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. Royal Bank Of Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price target for the company in a research report on Wednesday, December 10th. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price target on Wheaton Precious Metals from C$205.00 to C$240.00 in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$179.86.

Wheaton Precious Metals Stock Up 2.4%

Wheaton Precious Metals stock traded up C$4.57 during mid-day trading on Wednesday, hitting C$198.55. The company had a trading volume of 297,823 shares, compared to its average volume of 811,888. Wheaton Precious Metals has a 1 year low of C$95.96 and a 1 year high of C$214.41. The business has a fifty day moving average of C$179.46 and a 200 day moving average of C$155.69. The stock has a market cap of C$90.15 billion, a price-to-earnings ratio of 90.13 and a beta of 0.96.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.