Stifel Nicolaus Forecasts Strong Price Appreciation for Wheaton Precious Metals (TSE:WPM) Stock

Wheaton Precious Metals (TSE:WPM) had its price target raised by Stifel Nicolaus from C$205.00 to C$240.00 in a report released on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 18.65% from the stock’s previous close.

Other research analysts have also issued reports about the company. Peel Hunt increased their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. 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 price target on the stock in a research report on Wednesday, December 10th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$159.29.

Wheaton Precious Metals Stock Up 3.2%

TSE WPM opened at C$202.27 on Tuesday. Wheaton Precious Metals has a twelve month low of C$95.20 and a twelve month high of C$214.41. The stock has a market cap of C$91.83 billion, a P/E ratio of 91.82 and a beta of 0.96. The company’s 50-day simple moving average is C$175.81 and its 200 day simple moving average is C$153.58.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.62 earnings per share for the quarter. The company had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%. Research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

About Wheaton Precious Metals

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.