Wheaton Precious Metals Corp. (TSE:WPM) Receives Consensus Rating of “Buy” from Brokerages

Wheaton Precious Metals Corp. (TSE:WPM) has received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$197.86.

A number of analysts have weighed in on the stock. Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. TD Securities boosted their price objective on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Canaccord Genuity Group increased their price objective on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. National Bank Financial raised their target price on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, Stifel Nicolaus lifted their target price on Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th.

Wheaton Precious Metals Trading Up 6.0%

WPM stock opened at C$182.60 on Wednesday. The firm has a market cap of C$82.91 billion, a P/E ratio of 56.41 and a beta of 1.08. Wheaton Precious Metals has a 12-month low of C$96.18 and a 12-month high of C$226.68. The stock’s 50 day simple moving average is C$193.86 and its 200 day simple moving average is C$167.77.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$1.68 earnings per share (EPS) for the quarter. The firm had revenue of C$1.16 billion for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%. On average, research analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.