Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$240.00 at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM) had its price objective hoisted by Stifel Nicolaus from C$205.00 to C$240.00 in a research note issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 22.91% from the stock’s current price.

WPM has been the topic of several other research reports. Royal Bank Of Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price on the stock in a research report on Wednesday, December 10th. Peel Hunt lifted their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$159.29.

Wheaton Precious Metals Stock Up 0.9%

Shares of WPM stock traded up C$1.67 during mid-day trading on Tuesday, hitting C$195.27. 272,374 shares of the stock were exchanged, compared to its average volume of 822,253. Wheaton Precious Metals has a 52-week low of C$95.20 and a 52-week high of C$214.41. The company has a market cap of C$88.66 billion, a PE ratio of 88.64 and a beta of 0.96. The firm has a fifty day moving average of C$173.87 and a 200 day moving average of C$152.76.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.62 earnings per share (EPS) for the quarter. The company had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%. Equities analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

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. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.