Stifel Nicolaus Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its target price hoisted by research analysts at Stifel Nicolaus from C$107.00 to C$141.00 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 20.57% from the stock’s current price.

WPM has been the topic of several other reports. TD Securities boosted their target price on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. BMO Capital Markets raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Tuesday, April 15th. National Bankshares upped their price target on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th. Finally, Peel Hunt increased their target price on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Buy” and a consensus target price of C$106.00.

Wheaton Precious Metals Stock Performance

WPM traded up C$0.58 during mid-day trading on Monday, reaching C$116.94. 375,310 shares of the stock were exchanged, compared to its average volume of 745,316. Wheaton Precious Metals has a 1 year low of C$69.78 and a 1 year high of C$120.60. The company has a 50 day moving average price of C$104.81 and a two-hundred day moving average price of C$92.80. The stock has a market capitalization of C$37.08 billion, a PE ratio of 60.85 and a beta of 0.70.

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.