Wheaton Precious Metals Corp. (TSE:WPM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$98.38.

Several analysts have commented on WPM shares. National Bankshares upped their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Peel Hunt upped their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. CIBC increased their price target on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. TD Securities boosted their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th.

Wheaton Precious Metals Stock Performance

Shares of TSE:WPM opened at C$107.63 on Friday. Wheaton Precious Metals has a one year low of C$60.61 and a one year high of C$110.46. The stock has a market capitalization of C$34.13 billion, a price-to-earnings ratio of 56.00 and a beta of 0.70. The company has a 50-day simple moving average of C$95.51 and a 200-day simple moving average of C$88.87.

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.