National Bankshares Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its target price raised by National Bankshares from C$115.00 to C$120.00 in a report published on Monday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on WPM. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Peel Hunt increased their price objective on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. TD Securities increased their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday. CIBC increased their price objective on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$98.38.

Wheaton Precious Metals Trading Up 2.4 %

Shares of Wheaton Precious Metals stock opened at C$108.56 on Monday. The business has a 50-day moving average price of C$93.48 and a two-hundred day moving average price of C$88.18. Wheaton Precious Metals has a 1-year low of C$58.72 and a 1-year high of C$109.07. The company has a market cap of C$34.43 billion, a P/E ratio of 56.49 and a beta of 0.70.

About Wheaton Precious Metals

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.