Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$250.00 at BMO Capital Markets

Wheaton Precious Metals (TSE:WPM) had its target price upped by BMO Capital Markets from C$240.00 to C$250.00 in a report released on Wednesday morning,BayStreet.CA reports.

Several other research analysts have also issued reports on the company. UBS Group upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Peel Hunt increased their target price on Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. National Bank Financial increased their target price on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, TD Securities increased their target price on Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$205.63.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$198.03 on Wednesday. The stock has a fifty day moving average price of C$194.56 and a two-hundred day moving average price of C$172.85. Wheaton Precious Metals has a 52-week low of C$105.36 and a 52-week high of C$226.68. The firm has a market capitalization of C$89.92 billion, a P/E ratio of 61.18 and a beta of 1.39.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Thursday, March 12th. The company reported C$1.68 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 18.53% and a net margin of 63.59%.The firm had revenue of C$1.16 billion during the quarter. On average, equities research analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal 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.