CIBC Lowers Wheaton Precious Metals Corp (TSE:WPM) Price Target to C$24.00

Wheaton Precious Metals Corp (TSE:WPM) had its price target lowered by stock analysts at CIBC from C$25.00 to C$24.00 in a report issued on Friday. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential downside of 0.79% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. National Bank Financial raised their price objective on shares of Wheaton Precious Metals Corp from C$30.00 to C$32.00 in a report on Friday. Canaccord Genuity dropped their price objective on shares of Wheaton Precious Metals Corp from C$35.00 to C$34.00 in a report on Friday.

Wheaton Precious Metals Corp (TSE:WPM) opened at 24.19 on Friday. Wheaton Precious Metals Corp has a 12-month low of $22.63 and a 12-month high of $40.00. The stock’s 50 day moving average is $25.19 and its 200 day moving average is $27.00. The stock has a market capitalization of $10.69 billion and a PE ratio of 39.98.

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About Wheaton Precious Metals Corp

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.

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