Brokerages Set Wheaton Precious Metals Corp (WPM) Price Target at $32.07

Shares of Wheaton Precious Metals Corp (TSE:WPM) have received an average rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$32.07.

A number of equities analysts have issued reports on WPM shares. Eight Capital reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research note on Thursday, November 16th. Desjardins reaffirmed a “buy” rating on shares of Wheaton Precious Metals in a research note on Monday, December 11th. Finally, Canaccord Genuity increased their price target on Wheaton Precious Metals from C$34.00 to C$38.00 in a research note on Monday, January 15th.

Shares of Wheaton Precious Metals (TSE:WPM) traded down C$0.31 during midday trading on Friday, reaching C$26.24. The company’s stock had a trading volume of 927,700 shares, compared to its average volume of 798,470. The company has a market cap of $11,570.00, a price-to-earnings ratio of 46.04 and a beta of -0.11. Wheaton Precious Metals has a 52-week low of C$23.18 and a 52-week high of C$29.90.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.19. Wheaton Precious Metals had a return on equity of 5.29% and a net margin of 32.79%.

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About Wheaton Precious Metals

Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. 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.

Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

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