Wheaton Precious Metals (TSE:WPM) Given New C$245.00 Price Target at National Bank Financial

Wheaton Precious Metals (TSE:WPM) had its price target increased by National Bank Financial from C$240.00 to C$245.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also commented on WPM. Peel Hunt boosted their price objective on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. TD Securities decreased their target price on shares of Wheaton Precious Metals from C$165.00 to C$164.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Royal Bank Of Canada upgraded 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 report on Wednesday, December 10th. Stifel Nicolaus boosted their price target on Wheaton Precious Metals from C$205.00 to C$240.00 in a research report on Tuesday, February 10th. Finally, Canaccord Genuity Group upped their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$197.86.

Wheaton Precious Metals Trading Down 0.8%

Shares of Wheaton Precious Metals stock opened at C$190.62 on Monday. The firm has a market capitalization of C$86.54 billion, a P/E ratio of 86.53 and a beta of 1.08. The business has a fifty day simple moving average of C$196.20 and a two-hundred day simple moving average of C$165.64. Wheaton Precious Metals has a 12 month low of C$96.18 and a 12 month high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Thursday, March 12th. The company reported C$1.64 earnings per share for the quarter. The firm had revenue of C$1.16 billion for the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. Analysts predict that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Company Profile

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.