Wheaton Precious Metals Corp. (TSE:WPM) Given Average Rating of “Buy” by Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$197.86.

A number of research analysts have weighed in on WPM shares. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Peel Hunt boosted their target price on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. National Bank Financial boosted their target price on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus boosted their target price on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research report on Tuesday, February 10th.

Wheaton Precious Metals Trading Up 1.3%

WPM stock opened at C$189.07 on Wednesday. Wheaton Precious Metals has a 1 year low of C$99.49 and a 1 year high of C$226.68. The company has a fifty day simple moving average of C$192.84 and a 200 day simple moving average of C$169.27. The firm has a market cap of C$85.84 billion, a PE ratio of 58.41 and a beta of 1.39.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Thursday, March 12th. The company reported C$1.68 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. The business had revenue of C$1.16 billion during the quarter. As a group, analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

About Wheaton Precious Metals

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.