Wheaton Precious Metals Corp. (TSE:WPM) Receives C$205.63 Consensus Price Target from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$205.63.

WPM has been the subject of a number of recent analyst reports. Peel Hunt raised their price objective on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. BMO Capital Markets increased their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. TD Securities increased their target price on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, Canaccord Genuity Group increased their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th.

Wheaton Precious Metals Stock Down 0.4%

Shares of TSE:WPM opened at C$170.85 on Friday. The company has a market cap of C$77.58 billion, a P/E ratio of 52.78 and a beta of 1.39. Wheaton Precious Metals has a 52 week low of C$105.36 and a 52 week high of C$226.68. The company has a 50-day moving average price of C$192.80 and a 200 day moving average price of C$174.22.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$1.68 EPS for the quarter. The firm had revenue of C$1.16 billion during the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. Analysts expect that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.