BMO Capital Markets Boosts Wheaton Precious Metals (TSE:WPM) Price Target to C$250.00

Wheaton Precious Metals (TSE:WPM) had its price objective raised by stock analysts at BMO Capital Markets from C$240.00 to C$250.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 28.87% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. National Bank Financial upped 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 upped their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Peel Hunt boosted their price objective on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. Canaccord Genuity Group raised their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. Finally, TD Securities lifted their price target on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus price target of C$205.63.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$193.99 on Wednesday. The company’s 50 day moving average price is C$194.65 and its two-hundred day moving average price is C$172.99. Wheaton Precious Metals has a 52 week low of C$105.36 and a 52 week high of C$226.68. The company has a market capitalization of C$88.08 billion, a P/E ratio of 59.93 and a beta of 1.39.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$1.68 EPS for the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. The business had revenue of C$1.16 billion for the quarter. Analysts forecast that Wheaton Precious Metals will post 2.4749013 earnings per share for the current 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.