Wheaton Precious Metals (TSE:WPM) Given New C$95.00 Price Target at Peel Hunt

Wheaton Precious Metals (TSE:WPM) had its target price boosted by analysts at Peel Hunt from C$82.00 to C$95.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Peel Hunt’s price objective suggests a potential upside of 14.76% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Eight Capital boosted their target price on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average price target of C$90.67.

Wheaton Precious Metals Trading Up 0.3 %

Wheaton Precious Metals stock traded up C$0.23 during midday trading on Wednesday, reaching C$82.78. 232,241 shares of the stock traded hands, compared to its average volume of 781,262. The firm has a fifty day moving average price of C$81.81 and a two-hundred day moving average price of C$76.10. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$87.37. The firm has a market cap of C$37.55 billion, a price-to-earnings ratio of 48.41 and a beta of 0.71.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. The firm had revenue of C$409.19 million for the quarter, compared to analysts’ expectations of C$400.03 million. Analysts anticipate that Wheaton Precious Metals will post 2.3504155 earnings per share for the current year.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.