TD Securities Cuts Wheaton Precious Metals (TSE:WPM) Price Target to C$164.00

Wheaton Precious Metals (TSE:WPM) had its target price cut by TD Securities from C$165.00 to C$164.00 in a report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

WPM has been the topic of several other research reports. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective on the stock in a research report on Wednesday, December 10th. Canaccord Genuity Group lifted their price objective on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday. Stifel Nicolaus boosted their price target on Wheaton Precious Metals from C$205.00 to C$240.00 in a research report on Tuesday, February 10th. Finally, Peel Hunt increased 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$179.86.

Wheaton Precious Metals Stock Up 3.3%

Shares of WPM stock opened at C$205.65 on Wednesday. The company has a market cap of C$93.37 billion, a P/E ratio of 93.35 and a beta of 0.96. The business has a 50 day moving average of C$181.94 and a two-hundred day moving average of C$156.84. Wheaton Precious Metals has a 52 week low of C$96.18 and a 52 week high of C$214.41.

About Wheaton Precious Metals

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.