Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$240.00 at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM) had its target price hoisted by Stifel Nicolaus from C$205.00 to C$240.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 22.91% from the company’s previous close.

Other analysts have also recently issued reports about the company. Peel Hunt increased their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective for the company in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Buy” and an average target price of C$159.29.

Wheaton Precious Metals Trading Up 0.9%

Wheaton Precious Metals stock traded up C$1.67 during midday trading on Tuesday, reaching C$195.27. 272,374 shares of the stock traded hands, compared to its average volume of 822,253. The firm has a market cap of C$88.66 billion, a PE ratio of 88.64 and a beta of 0.96. The company has a 50-day simple moving average of C$173.87 and a two-hundred day simple moving average of C$152.76. Wheaton Precious Metals has a 12-month low of C$95.20 and a 12-month high of C$214.41.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.62 EPS for the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. The business had revenue of C$663.15 million during the quarter. Equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

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. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.