Wheaton Precious Metals (TSE:WPM) PT Raised to C$86.00 at Eight Capital

Wheaton Precious Metals (TSE:WPMGet Rating) had its price objective increased by stock analysts at Eight Capital from C$85.00 to C$86.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price objective points to a potential upside of 39.66% from the stock’s previous close.

A number of other analysts also recently weighed in on WPM. JPMorgan Chase & Co. cut their target price on Wheaton Precious Metals from C$68.00 to C$64.00 in a research report on Thursday, February 10th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Tuesday, February 8th. They set a “buy” rating and a C$51.00 target price for the company. Peel Hunt cut their target price on Wheaton Precious Metals from C$77.00 to C$70.00 and set a “buy” rating for the company in a research report on Monday, February 14th. KeyCorp boosted their price target on Wheaton Precious Metals to C$70.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, National Bankshares boosted their price target on Wheaton Precious Metals from C$68.00 to C$75.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$67.38.

Shares of TSE:WPM traded down C$3.04 during trading on Thursday, reaching C$61.58. 531,986 shares of the company traded hands, compared to its average volume of 1,152,181. The company’s 50 day moving average is C$59.64 and its two-hundred day moving average is C$54.39. The firm has a market capitalization of C$27.78 billion and a PE ratio of 29.11. The company has a quick ratio of 8.00, a current ratio of 8.41 and a debt-to-equity ratio of 0.05. Wheaton Precious Metals has a 52 week low of C$45.76 and a 52 week high of C$65.45.

In other news, Director John Brough sold 955 shares of the stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of C$61.52, for a total value of C$58,751.60. Following the completion of the sale, the director now owns 1,500 shares of the company’s stock, valued at C$92,280. Also, Director Douglas Martin Holtby sold 4,821 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of C$59.13, for a total value of C$285,077.30. Following the completion of the sale, the director now directly owns 43,157 shares of the company’s stock, valued at approximately C$2,551,976.99. In the last ninety days, insiders sold 135,751 shares of company stock valued at $8,228,933.

Wheaton Precious Metals Company Profile (Get Rating)

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 23 operating mining assets and 10 development stage projects. The company was formerly known as Silver Wheaton Corp.

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Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

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