Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$141.00

Wheaton Precious Metals (TSE:WPM) had its price objective hoisted by analysts at Stifel Nicolaus from C$107.00 to C$141.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price would indicate a potential upside of 20.57% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. BMO Capital Markets upgraded Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. Peel Hunt upped their price objective on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. CIBC upped their price target on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Finally, National Bankshares lifted their price objective on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Monday, March 17th. Five equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of C$106.00.

Wheaton Precious Metals Price Performance

Shares of TSE:WPM traded up C$0.58 on Monday, hitting C$116.94. 375,310 shares of the company’s stock were exchanged, compared to its average volume of 745,316. The business’s 50 day simple moving average is C$104.81 and its two-hundred day simple moving average is C$92.80. The stock has a market capitalization of C$37.08 billion, a price-to-earnings ratio of 60.85 and a beta of 0.70. Wheaton Precious Metals has a 12 month low of C$69.78 and a 12 month high of C$120.60.

About Wheaton Precious Metals

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.