Wheaton Precious Metals (TSE:WPM) Given a C$240.00 Price Target by BMO Capital Markets Analysts

Key Points

• BMO Capital Markets set a C$240.00 price target on Wheaton Precious Metals with an "outperform" rating, implying roughly a 22.5% upside from the current share price.
• Multiple analysts have raised targets recently and the stock holds a consensus "Buy" rating with a consensus price target of C$203.13.
• Shares trade around C$195.86 (market cap ~C$88.9B); the company reported last-quarter EPS of C$1.68 and a net margin of 63.59%, reflecting strong profitability despite a high P/E (~60.5).

Wheaton Precious Metals (TSE:WPM - Get Free Report) has been given a C$240.00 price target by analysts at BMO Capital Markets in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price target would suggest a potential upside of 22.54% from the stock's current price.

A number of other research firms have also weighed in on WPM. National Bank Financial raised their price target on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an "outperform" rating in a research report on Monday, March 16th. Canaccord Genuity Group raised their price target on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. TD Securities raised their price target on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a "buy" rating in a research report on Monday, March 16th. UBS Group raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 27th. Finally, Stifel Nicolaus raised their price target on shares of Wheaton Precious Metals from C$205.00 to C$240.00 in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$203.13.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded up C$1.72 during trading hours on Thursday, reaching C$195.86. The company's stock had a trading volume of 236,483 shares, compared to its average volume of 835,336. Wheaton Precious Metals has a one year low of C$104.08 and a one year high of C$226.68. The company has a market capitalization of C$88.93 billion, a P/E ratio of 60.51 and a beta of 1.39. The stock's fifty day simple moving average is C$192.49 and its two-hundred day simple moving average is C$169.44.

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