TD Securities Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

Wheaton Precious Metals (TSE:WPM) had its target price boosted by TD Securities from C$76.00 to C$78.00 in a research report released on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages have also commented on WPM. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals presently has an average rating of “Buy” and an average target price of C$94.86.

Wheaton Precious Metals Trading Up 2.2 %

Shares of WPM stock opened at C$100.81 on Wednesday. Wheaton Precious Metals has a 1 year low of C$52.87 and a 1 year high of C$101.33. The firm’s 50 day moving average is C$88.29 and its 200-day moving average is C$86.19. The firm has a market capitalization of C$31.97 billion, a price-to-earnings ratio of 52.46 and a beta of 0.70.

About Wheaton Precious Metals

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.