Wheaton Precious Metals (TSE:WPM) Given New C$90.00 Price Target at Canaccord Genuity Group

Wheaton Precious Metals (TSE:WPM) had its price objective increased by analysts at Canaccord Genuity Group from C$80.00 to C$90.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 25.02% from the company’s previous close.

Several other equities analysts also recently commented on WPM. National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Eight Capital upped their price target on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the company a “buy” rating in a report on Monday. Veritas Investment Research upped their price target on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. National Bankshares downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$75.00 to C$68.00 in a report on Friday, February 23rd. Finally, Stifel Nicolaus upped their target price on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, April 19th.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$71.99 on Tuesday. The business has a 50-day simple moving average of C$63.46. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$74.72. The company has a market cap of C$32.62 billion, a P/E ratio of 44.99 and a beta of 0.66.

Wheaton Precious Metals (TSE:WPM) 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. The company had revenue of C$426.80 million for the quarter, compared to the consensus estimate of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. As a group, sell-side analysts forecast that Wheaton Precious Metals will post 1.5534463 earnings per share for the current year.

Insider Activity at Wheaton Precious Metals

In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the stock in a transaction that occurred 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 other Wheaton Precious Metals 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 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 the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total transaction of C$109,491.69. Insiders sold 20,664 shares of company stock valued at $1,272,782 over the last 90 days. Insiders own 0.17% of the company’s stock.

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.