Wheaton Precious Metals (TSE:WPM) Stock Price Expected to Rise, Peel Hunt Analyst Says

Wheaton Precious Metals (TSE:WPM) had its price target increased by analysts at Peel Hunt from C$162.00 to C$165.00 in a report issued on Wednesday,BayStreet.CA reports. Peel Hunt’s price objective indicates a potential upside of 11.28% from the company’s previous close.

WPM has been the subject of a number of other reports. CIBC increased their price objective on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the company an “outperform” rating in a report on Friday, September 12th. UBS Group cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus target price of C$135.17.

Wheaton Precious Metals Stock Down 1.8%

WPM opened at C$148.27 on Wednesday. The company has a 50-day simple moving average of C$145.33 and a 200 day simple moving average of C$131.53. Wheaton Precious Metals has a twelve month low of C$79.88 and a twelve month high of C$160.44. The stock has a market capitalization of C$67.32 billion, a price-to-earnings ratio of 85.41 and a beta of 1.02.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.81 earnings per share for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%.The business had revenue of C$663.15 million for the quarter. Sell-side analysts anticipate that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.