Wheaton Precious Metals (TSE:WPM) PT Raised to C$84.00 at Veritas Investment Research

Wheaton Precious Metals (TSE:WPM) had its price objective raised by equities research analysts at Veritas Investment Research from C$67.00 to C$84.00 in a research report issued on Friday, BayStreet.CA reports. Veritas Investment Research’s target price would suggest a potential upside of 16.67% from the company’s current price.

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

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded down C$0.01 during trading hours on Friday, hitting C$72.00. The company’s stock had a trading volume of 532,854 shares, compared to its average volume of 820,533. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$74.72. The company has a market capitalization of C$32.62 billion, a P/E ratio of 44.99 and a beta of 0.66.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.42 by C$0.07. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. The company had revenue of C$426.80 million during the quarter, compared to the consensus estimate of C$381.95 million. On average, equities analysts anticipate that Wheaton Precious Metals will post 1.5534463 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. In related news, Senior Officer Gary Duncan Brown sold 1,857 shares of the stock in a transaction that occurred 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. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. Over the last quarter, insiders have sold 20,664 shares of company stock valued at $1,272,782. 0.17% of the stock is owned by insiders.

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 2017. Wheaton Precious Metals Corp.