Brokerages Set Wheaton Precious Metals Corp. (TSE:WPM) Price Target at C$179.86

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$179.86.

A number of equities analysts have issued reports on WPM shares. Peel Hunt raised their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective for the company in a research report on Wednesday, December 10th. TD Securities reduced their target price on Wheaton Precious Metals from C$165.00 to C$164.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus lifted their price target on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th.

Wheaton Precious Metals Stock Down 1.4%

Shares of Wheaton Precious Metals stock opened at C$202.06 on Friday. Wheaton Precious Metals has a twelve month low of C$96.18 and a twelve month high of C$226.68. The business has a 50-day moving average price of C$194.36 and a 200 day moving average price of C$164.14. The firm has a market cap of C$91.74 billion, a PE ratio of 91.72 and a beta of 1.08.

About Wheaton Precious Metals

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.