Wheaton Precious Metals Corp. (TSE:WPM) Receives Average Rating of "Buy" from Brokerages

Key Points

• Analyst consensus: Seven brokers rate Wheaton Precious Metals an average "Buy" (five buys, two strong-buys) with a mean 1-year price target of C$197.86.
• Broker upgrades and higher targets: Multiple firms recently raised ratings/targets — Peel Hunt and Stifel to C$240, National Bank Financial to C$245, and UBS upgraded to a strong-buy — signaling growing bullishness.
• Recent performance and fundamentals: WPM shares opened at C$182.60 (1-year range C$96.18–C$226.68), market cap ~C$82.9B, trailing P/E ~56.4, and last quarter showed EPS C$1.68 with C$1.16B revenue and a net margin of 63.6%.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has received an average rating of "Buy" from the seven research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$197.86.

A number of analysts have recently weighed in on WPM shares. Peel Hunt raised their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. UBS Group upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 27th. Royal Bank Of Canada raised shares of 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 report on Wednesday, December 10th. Stifel Nicolaus boosted their target price on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research report on Tuesday, February 10th. Finally, National Bank Financial upped their target price on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an "outperform" rating in a research note on Monday, March 16th.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at C$182.60 on Wednesday. Wheaton Precious Metals has a one year low of C$96.18 and a one year high of C$226.68. The stock has a 50-day moving average price of C$193.86 and a 200 day moving average price of C$167.77. The company has a market capitalization of C$82.91 billion, a P/E ratio of 56.41 and a beta of 1.08.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported C$1.68 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%.The company had revenue of C$1.16 billion for the quarter. As a group, equities research analysts forecast that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Company Profile

Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.

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