Wheaton Precious Metals Corp. (TSE:WPM) Given Consensus Recommendation of “Buy” by Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has earned an average recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$94.86.

WPM has been the subject of several research reports. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. TD Securities lifted their price objective on shares of Wheaton Precious Metals from C$76.00 to C$78.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th.

Wheaton Precious Metals Trading Down 0.2 %

TSE WPM opened at C$99.66 on Tuesday. The firm’s fifty day simple moving average is C$88.97 and its two-hundred day simple moving average is C$86.61. Wheaton Precious Metals has a 12-month low of C$57.38 and a 12-month high of C$102.05. The firm has a market capitalization of C$31.60 billion, a P/E ratio of 51.86 and a beta of 0.70.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.