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

Key Points

• Seven analysts give Wheaton Precious Metals a consensus rating of Buy (five buys, one strong buy, one hold) with an average 1‑year price target of C$179.86.
• Several brokers (Stifel, Peel Hunt, Canaccord) recently raised targets to about C$235–C$240 while shares trade near C$199.72 (market cap C$90.68B, P/E ~90.7), and the company operates as a large precious‑metals streamer with 21 operating streams and 13 development projects.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been given a consensus rating of "Buy" by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$179.86.

WPM has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Wheaton Precious Metals from C$205.00 to C$240.00 in a report on Tuesday, February 10th. TD Securities reduced their price objective on Wheaton Precious Metals from C$165.00 to C$164.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Peel Hunt increased their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. Canaccord Genuity Group lifted their target price on Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada raised Wheaton Precious Metals from a "hold" rating to a "moderate buy" rating and set a C$130.00 target price on the stock in a report on Wednesday, December 10th.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at C$199.72 on Friday. The company has a market capitalization of C$90.68 billion, a P/E ratio of 90.66 and a beta of 1.08. Wheaton Precious Metals has a 1 year low of C$96.18 and a 1 year high of C$226.68. The company's fifty day moving average is C$191.90 and its two-hundred day moving average is C$162.38.

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.

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