Canaccord Genuity Group Increases Wheaton Precious Metals (TSE:WPM) Price Target to C$235.00

Wheaton Precious Metals (TSE:WPM) had its price objective raised by analysts at Canaccord Genuity Group from C$220.00 to C$235.00 in a report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 18.45% from the stock’s current price.

A number of other equities analysts also recently weighed in on WPM. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price for the company in a research note on Wednesday, December 10th. Peel Hunt upped their price target on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. Finally, Stifel Nicolaus lifted their price objective on Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$179.86.

Wheaton Precious Metals Trading Up 2.3%

Shares of WPM stock opened at C$198.40 on Tuesday. The company’s fifty day moving average price is C$180.31 and its 200-day moving average price is C$155.99. The stock has a market cap of C$90.08 billion, a PE ratio of 90.06 and a beta of 0.96. Wheaton Precious Metals has a 12 month low of C$95.96 and a 12 month high of C$214.41.

Wheaton Precious Metals Company Profile

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.