Canaccord Genuity Group Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its price target boosted by analysts at Canaccord Genuity Group from C$131.00 to C$134.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 11.01% from the company’s previous close.

Several other equities research analysts have also issued reports on WPM. Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. BMO Capital Markets raised shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. Stifel Nicolaus increased their target price on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a report on Monday, April 21st. National Bankshares increased their target price on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Finally, TD Securities upped their price target on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Five equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$109.50.

Wheaton Precious Metals Trading Down 1.0%

TSE:WPM traded down C$1.25 during mid-day trading on Tuesday, reaching C$120.71. The company’s stock had a trading volume of 213,771 shares, compared to its average volume of 779,805. Wheaton Precious Metals has a 12-month low of C$71.18 and a 12-month high of C$129.87. The stock has a market cap of C$38.28 billion, a P/E ratio of 62.81 and a beta of 0.70. The firm’s fifty day moving average price is C$114.42 and its two-hundred day moving average price is C$100.27.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.