Wheaton Precious Metals (TSE:WPM) Given New C$110.00 Price Target at Peel Hunt

Wheaton Precious Metals (TSE:WPM) had its price objective raised by stock analysts at Peel Hunt from C$95.00 to C$110.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Peel Hunt’s price objective would suggest a potential upside of 7.99% from the stock’s previous close.

Several other analysts have also issued reports on WPM. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Finally, TD Securities lifted their price objective on Wheaton Precious Metals from C$76.00 to C$78.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus price target of C$97.00.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded up C$1.20 during mid-day trading on Tuesday, hitting C$101.86. 373,497 shares of the company traded hands, compared to its average volume of 649,550. The stock has a fifty day moving average price of C$91.18 and a 200-day moving average price of C$87.44. The stock has a market cap of C$32.30 billion, a price-to-earnings ratio of 53.00 and a beta of 0.70. Wheaton Precious Metals has a one year low of C$58.72 and a one year high of C$103.62.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.