Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$78.00 at TD Securities

Wheaton Precious Metals (TSE:WPM) had its price objective increased by research analysts at TD Securities from C$76.00 to C$78.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential downside of 22.71% from the stock’s previous close.

WPM has been the subject of a number of other research reports. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Five analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$94.86.

Wheaton Precious Metals Trading Up 2.3 %

WPM stock traded up C$2.27 during trading on Wednesday, reaching C$100.92. The stock had a trading volume of 206,271 shares, compared to its average volume of 589,968. Wheaton Precious Metals has a 1-year low of C$52.87 and a 1-year high of C$101.33. The company has a market capitalization of C$32.00 billion, a P/E ratio of 52.51 and a beta of 0.70. The firm has a fifty day moving average price of C$87.93 and a 200 day moving average price of C$86.02.

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.