Wheaton Precious Metals (TSE:WPM – Get Free Report) had its price target lifted by research analysts at National Bank Financial from C$205.00 to C$210.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 13.65% from the stock’s previous close.
Several other research firms also recently commented on WPM. Peel Hunt cut their price objective on Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. BMO Capital Markets upped their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus increased their price target 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. One investment 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.com, the company has a consensus rating of “Buy” and an average price target of C$194.62.
Check Out Our Latest Stock Report on Wheaton Precious Metals
Wheaton Precious Metals Trading Down 1.4%
Wheaton Precious Metals (TSE:WPM – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. The firm had revenue of C$1.32 billion during the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%. Sell-side analysts expect that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.
Insider Activity
In other Wheaton Precious Metals news, insider Vincent Chun Yip Lau bought 225 shares of Wheaton Precious Metals stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$176.85 per share, for a total transaction of C$39,791.25. Following the purchase, the insider owned 1,065 shares of the company’s stock, valued at C$188,345.25. The trade was a 26.79% increase in their position. 0.13% of the stock is currently owned by insiders.
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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