Wheaton Precious Metals (TSE:WPM) PT Raised to C$80.00

Wheaton Precious Metals (TSE:WPM) had its price objective boosted by equities research analysts at Stifel Nicolaus from C$72.00 to C$80.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 10.53% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Veritas Investment Research increased their price target on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. National Bankshares downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$75.00 to C$68.00 in a research note on Friday, February 23rd. Finally, National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research note on Wednesday, February 21st.

Wheaton Precious Metals Trading Down 0.2 %

Shares of Wheaton Precious Metals stock opened at C$72.38 on Friday. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$74.72. The firm’s 50-day moving average price is C$63.09. The stock has a market capitalization of C$32.79 billion, a price-to-earnings ratio of 45.24 and a beta of 0.66.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The firm had revenue of C$426.80 million during the quarter, compared to the consensus estimate of C$381.95 million. Sell-side analysts forecast that Wheaton Precious Metals will post 1.5534463 earnings per share for the current fiscal year.

Insider Activity at Wheaton Precious Metals

In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total transaction of C$109,491.69. Insiders have sold a total of 20,664 shares of company stock valued at $1,272,782 over the last ninety days. 0.17% of the stock is owned by company insiders.

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.