Canaccord Genuity Increases Wheaton Precious Metals (WPM) Price Target to C$39.50

Wheaton Precious Metals (TSE:WPM) had its target price hoisted by investment analysts at Canaccord Genuity from C$38.00 to C$39.50 in a note issued to investors on Sunday. Canaccord Genuity’s target price points to a potential upside of 43.53% from the company’s current price.

WPM has been the subject of a number of other research reports. Eight Capital reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research report on Thursday, November 16th. Desjardins reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research report on Monday, December 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$32.07.

Wheaton Precious Metals (TSE WPM) opened at C$27.52 on Friday. Wheaton Precious Metals has a 1-year low of C$23.18 and a 1-year high of C$29.90. The firm has a market cap of $12,170.00, a P/E ratio of 47.45 and a beta of -0.09.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, November 9th. The company reported C$0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.19. Wheaton Precious Metals had a net margin of 32.79% and a return on equity of 5.29%.

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About Wheaton Precious Metals

Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. 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.

Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

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