TD Securities Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its price target boosted by TD Securities from C$164.00 to C$165.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

WPM has been the subject of several other research reports. National Bank Financial upped their price target on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a research report on Monday. 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 target price for the company in a research report on Wednesday, December 10th. Peel Hunt raised their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. Stifel Nicolaus lifted their target price on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th. Finally, Canaccord Genuity Group lifted their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$197.86.

Wheaton Precious Metals Trading Down 0.8%

Shares of TSE WPM opened at C$190.62 on Monday. The stock has a market capitalization of C$86.54 billion, a price-to-earnings ratio of 86.53 and a beta of 1.08. Wheaton Precious Metals has a 12-month low of C$96.18 and a 12-month high of C$226.68. The firm’s 50-day moving average price is C$196.20 and its 200-day moving average price is C$165.64.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Thursday, March 12th. The company reported C$1.64 earnings per share (EPS) 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 during the quarter. On average, equities analysts predict 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. 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.