National Bankshares Downgrades Wheaton Precious Metals (TSE:WPM) to Sector Perform
Wheaton Precious Metals (TSE:WPM – Get Free Report) was downgraded by National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday, BayStreet.CA reports. They presently have a C$68.00 price objective on the stock, down from their previous price objective of C$75.00. National Bankshares’ target price would suggest a potential upside of 26.35% from the stock’s previous close.
Separately, National Bank Financial lowered Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday.
Wheaton Precious Metals Price Performance
Shares of WPM stock opened at C$53.82 on Friday. Wheaton Precious Metals has a twelve month low of C$52.67 and a twelve month high of C$71.39.
Wheaton Precious Metals Company Profile
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 10, 2017. Wheaton Precious Metals Corp.
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