Wheaton Precious Metals (TSE:WPM – Get Rating) had its price target increased by equities research analysts at National Bankshares from C$60.00 to C$70.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 17.14% from the company’s current price.
Several other analysts also recently commented on WPM. Eight Capital reduced their price objective on shares of Wheaton Precious Metals from C$76.00 to C$70.00 in a research report on Wednesday, October 26th. CSFB boosted their price objective on Wheaton Precious Metals from C$48.00 to C$50.00 in a research note on Friday, November 18th. Canaccord Genuity Group lowered their price objective on Wheaton Precious Metals from C$67.00 to C$66.00 in a research note on Thursday, October 20th. Stifel Nicolaus reduced their target price on Wheaton Precious Metals from C$66.50 to C$64.00 in a report on Wednesday, October 19th. Finally, Barclays reduced their target price on Wheaton Precious Metals from C$41.00 to C$40.00 in a report on Monday, October 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$59.67.
Wheaton Precious Metals Trading Up 1.5 %
TSE:WPM traded up C$0.90 on Friday, reaching C$59.76. 358,233 shares of the stock traded hands, compared to its average volume of 1,089,650. The firm has a market capitalization of C$27.01 billion and a price-to-earnings ratio of 25.04. The company’s 50 day moving average is C$52.80 and its 200-day moving average is C$46.76. The company has a current ratio of 18.18, a quick ratio of 17.67 and a debt-to-equity ratio of 0.03. Wheaton Precious Metals has a 1-year low of C$39.05 and a 1-year high of C$65.45.
Wheaton Precious Metals (TSE:WPM – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported C$0.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.06). The business had revenue of C$285.54 million for the quarter, compared to analyst estimates of C$320.11 million. Equities research analysts anticipate that Wheaton Precious Metals will post 0.81 EPS for the current fiscal year.
Insider Buying and Selling at Wheaton Precious Metals
In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 32,670 shares of the stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of C$54.27, for a total value of C$1,773,000.90. In other news, Senior Officer Patrick Eugene Drouin sold 32,670 shares of the firm’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of C$54.27, for a total value of C$1,773,000.90. Also, Senior Officer Gary Duncan Brown sold 24,905 shares of the firm’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of C$54.00, for a total value of C$1,344,952.19. Following the completion of the transaction, the insider now directly owns 30,463 shares in the company, valued at approximately C$1,645,102.53. Over the last 90 days, insiders have sold 81,100 shares of company stock valued at $4,325,858.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.
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