BMO Capital Markets Analysts Give Wheaton Precious Metals (TSE:WPM) a C$240.00 Price Target

BMO Capital Markets set a C$240.00 target price on Wheaton Precious Metals (TSE:WPM) in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on WPM. National Bank Financial increased their price objective on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Stifel Nicolaus increased their price objective on Wheaton Precious Metals from C$205.00 to C$240.00 in a report on Tuesday, February 10th. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price target for the company in a report on Wednesday, December 10th. Canaccord Genuity Group raised their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. Finally, TD Securities raised their price target on Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$203.13.

Wheaton Precious Metals Trading Up 2.8%

TSE WPM opened at C$200.24 on Thursday. The company has a market cap of C$90.92 billion, a PE ratio of 61.86 and a beta of 1.39. Wheaton Precious Metals has a 12 month low of C$105.36 and a 12 month high of C$226.68. The stock has a 50 day moving average of C$192.69 and a 200-day moving average of C$170.12.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Thursday, March 12th. The company reported C$1.68 EPS for the quarter. The company had revenue of C$1.16 billion during the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%. As a group, sell-side analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.