Stifel Nicolaus Raises Wheaton Precious Metals (TSE:WPM) Price Target to C$250.00

Wheaton Precious Metals (TSE:WPM) had its price target raised by analysts at Stifel Nicolaus from C$240.00 to C$250.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 25.96% from the company’s previous close.

Several other brokerages have also weighed in on WPM. National Bank Financial raised their target price on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. BMO Capital Markets set a C$240.00 price objective on shares of Wheaton Precious Metals and gave the stock an “outperform” rating in a report on Thursday, April 9th. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Peel Hunt lifted their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. Finally, TD Securities lifted their price target on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$204.38.

Wheaton Precious Metals Trading Down 2.3%

Shares of TSE WPM opened at C$198.48 on Wednesday. The stock has a market cap of C$90.12 billion, a P/E ratio of 61.32 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 business’s fifty day simple moving average is C$194.03 and its 200-day simple moving average is C$171.42.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Thursday, March 12th. The company reported C$1.68 earnings per share for the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. The firm had revenue of C$1.16 billion for the quarter. On average, equities analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

Wheaton Precious Metals Company Profile

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.