Wheaton Precious Metals (TSE:WPM) Given New C$164.00 Price Target at TD Securities

Wheaton Precious Metals (TSE:WPM) had its price target decreased by TD Securities from C$165.00 to C$164.00 in a research report report published on Wednesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other brokerages also recently issued reports on WPM. Stifel Nicolaus raised their price objective on Wheaton Precious Metals from C$205.00 to C$240.00 in a research report on Tuesday, February 10th. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective on the stock in a research report on Wednesday, December 10th. Canaccord Genuity Group increased their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday. Finally, Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$179.86.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at C$198.40 on Wednesday. The firm has a market capitalization of C$90.08 billion, a price-to-earnings ratio of 90.06 and a beta of 0.96. The stock’s fifty day moving average is C$180.31 and its 200-day moving average is C$155.99. Wheaton Precious Metals has a one year low of C$95.96 and a one year high of C$214.41.

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. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.