Wheaton Precious Metals (TSE:WPM) Reaches New 1-Year High – What’s Next?

Wheaton Precious Metals Corp. (TSE:WPM) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$99.16 and last traded at C$98.86, with a volume of 464808 shares changing hands. The stock had previously closed at C$97.51.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPM. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Trading Down 2.3 %

The stock has a market capitalization of C$30.72 billion, a PE ratio of 50.40 and a beta of 0.70. The stock’s fifty day simple moving average is C$87.41 and its 200-day simple moving average is C$85.76.

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.