Wheaton Precious Metals (TSE:WPM) PT Raised to C$102.00 at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM) had its price target increased by stock analysts at Stifel Nicolaus from C$90.00 to C$102.00 in a report released on Monday, BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 7.70% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group upped their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Eight Capital raised their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Peel Hunt lifted their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Finally, National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at C$94.71 on Monday. The stock’s fifty day moving average is C$83.63 and its 200 day moving average is C$78.42. The stock has a market cap of C$42.96 billion, a P/E ratio of 54.75 and a beta of 0.70. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.06. The company had revenue of C$409.19 million for the quarter, compared to analysts’ expectations of C$400.03 million. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. Analysts predict that Wheaton Precious Metals will post 2.4749013 EPS 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.