Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$84.00

Wheaton Precious Metals (TSE:WPM) had its price objective upped by investment analysts at Veritas Investment Research from C$67.00 to C$84.00 in a report issued on Friday, BayStreet.CA reports. Veritas Investment Research’s target price indicates a potential upside of 17.75% from the company’s current price.

Several other analysts have also recently weighed in on WPM. Stifel Nicolaus lowered their price objective on shares of Wheaton Precious Metals from C$75.00 to C$72.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Finally, National Bankshares lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$75.00 to C$68.00 in a report on Friday, February 23rd.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$71.34 on Friday. The firm has a market cap of C$32.32 billion, a PE ratio of 44.59 and a beta of 0.66. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$74.72.

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

Insiders Place Their Bets

In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Insiders have sold a total of 20,664 shares of company stock valued at $1,272,782 in the last quarter. Insiders own 0.17% of the company’s stock.

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.