Wheaton Precious Metals (TSE:WPM) Price Target Increased to C$80.00 by Analysts at Stifel Nicolaus
Wheaton Precious Metals (TSE:WPM – Get Free Report) had its price objective increased by Stifel Nicolaus from C$72.00 to C$80.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 10.53% from the company’s current price.
Several other equities analysts have also recently commented on WPM. Veritas Investment Research raised their price target on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. National Bank Financial cut shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday, February 21st. Finally, National Bankshares cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$75.00 to C$68.00 in a research report on Friday, February 23rd.
View Our Latest Stock Report on WPM
Wheaton Precious Metals Price Performance
TSE:WPM opened at C$72.38 on Friday. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$74.72. The stock has a market cap of C$32.79 billion, a PE ratio of 45.24 and a beta of 0.66. The business’s 50 day moving average is C$63.09.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The company had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million. On average, equities analysts predict that Wheaton Precious Metals will post 1.5534463 earnings per share for the current year.
Insider Transactions at Wheaton Precious Metals
In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. In the last three months, insiders sold 20,664 shares of company stock valued at $1,272,782. 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.
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