Wheaton Precious Metals (TSE:WPM) Given New C$85.00 Price Target at Eight Capital

Wheaton Precious Metals (TSE:WPM) had its price target lifted by Eight Capital from C$82.50 to C$85.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s price objective points to a potential upside of 18.62% from the stock’s current price.

Several other analysts have also recently weighed in on WPM. Stifel Nicolaus lifted their price target on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Veritas Investment Research lifted their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. National Bankshares cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$75.00 to C$68.00 in a report on Friday, February 23rd. Finally, National Bank Financial cut Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$71.66 on Monday. The firm has a market cap of C$32.47 billion, a PE ratio of 44.79 and a beta of 0.66. The business’s 50 day moving average price is C$63.27. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$74.72.

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

Insider Transactions at Wheaton Precious Metals

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was 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 the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total value of C$109,491.69. In the last quarter, insiders sold 20,664 shares of company stock valued at $1,272,782. Corporate 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.