Wheaton Precious Metals (TSE:WPM) Given New C$245.00 Price Target at National Bank Financial

Wheaton Precious Metals (TSE:WPM) had its price target lifted by equities researchers at National Bank Financial from C$240.00 to C$245.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 28.57% from the company’s current price.

WPM has been the topic of a number of other research reports. Stifel Nicolaus increased their price target on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a report on Tuesday, February 10th. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective on the stock in a research report on Wednesday, December 10th. Peel Hunt lifted their target price on Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. Canaccord Genuity Group boosted their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. Finally, TD Securities lowered their price target on Wheaton Precious Metals from C$165.00 to C$164.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$197.86.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded down C$1.57 during mid-day trading on Monday, reaching C$190.56. The stock had a trading volume of 361,797 shares, compared to its average volume of 812,946. The company has a market capitalization of C$86.52 billion, a price-to-earnings ratio of 86.50 and a beta of 1.08. The company has a 50-day moving average price of C$195.71 and a two-hundred day moving average price of C$165.23. Wheaton Precious Metals has a one year low of C$96.18 and a one year high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$1.64 EPS for the quarter. The company had revenue of C$1.16 billion for the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. On average, equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

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.