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

Key Points

• Analysts rate Wheaton Precious Metals a "Buy": eight analysts cover the stock (seven "buy" and one "strong buy") with an average 12‑month price target of C$205.63, and several firms (Peel Hunt, BMO, Stifel) recently raised targets while UBS upgraded to "strong-buy".
• Recent results and valuation: the company reported Q results of C$1.68 EPS and C$1.16B revenue with a 63.6% net margin and 18.5% ROE; shares opened at C$190.47 (market cap C$86.48B, PE 58.84) and have a 12‑month range of C$105.36–C$226.68.

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) have been assigned a consensus rating of "Buy" from the eight research firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$205.63.

A number of equities research analysts have recently commented on the stock. Peel Hunt lifted their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. BMO Capital Markets lifted their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday. TD Securities upped their price objective on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a "buy" rating in a research note on Monday, March 16th. UBS Group raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 27th. Finally, Stifel Nicolaus upped their price objective on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a "buy" rating in a research note on Wednesday, April 15th.

Wheaton Precious Metals Price Performance

Shares of TSE WPM opened at C$190.47 on Friday. The company has a market cap of C$86.48 billion, a PE ratio of 58.84 and a beta of 1.39. Wheaton Precious Metals has a 12 month low of C$105.36 and a 12 month high of C$226.68. The company has a 50-day simple moving average of C$194.49 and a 200-day simple moving average of C$173.41.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The company reported C$1.68 EPS for the quarter. The business had revenue of C$1.16 billion during the quarter. Wheaton Precious Metals had a net margin of 63.59% and a return on equity of 18.53%. On average, analysts anticipate that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

About Wheaton Precious Metals

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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