Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$161.00 at Peel Hunt

Key Points

• Wheaton Precious Metals' target price was raised from C$149.00 to C$161.00 by Peel Hunt, indicating a potential upside of 10.34% from the stock's previous close.
• The stock currently holds an average rating of "Buy" by analysts, with three recommending a Strong Buy and five a Buy, while one has issued a Hold rating.
• Wheaton Precious Metals' shares traded at C$145.91 on Monday, having a twelve-month range of C$78.87 to C$147.34.

Wheaton Precious Metals (TSE:WPM - Get Free Report) had its target price boosted by analysts at Peel Hunt from C$149.00 to C$161.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Peel Hunt's target price points to a potential upside of 10.34% from the stock's previous close.

WPM has been the topic of several other research reports. UBS Group lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Canaccord Genuity Group raised their target price on Wheaton Precious Metals from C$131.00 to C$134.00 in a research note on Tuesday, June 10th. Three research analysts have 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 data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$118.14.

Wheaton Precious Metals Price Performance

Shares of WPM traded up C$1.47 during trading hours on Monday, reaching C$145.91. 386,966 shares of the company's stock traded hands, compared to its average volume of 750,887. Wheaton Precious Metals has a twelve month low of C$78.87 and a twelve month high of C$147.34. The business's fifty day simple moving average is C$129.56 and its two-hundred day simple moving average is C$118.52. The firm has a market capitalization of C$66.24 billion, a price-to-earnings ratio of 84.05 and a beta of 0.70.

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.

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