According to Stock Target Advisor, equity researchers from Credit Suisse Group boosted Wheaton Precious Metals (TSE: WPM) target price from C$48.00 to C$50.00 in a letter delivered to investors on Friday. When compared to the price at which the firm is currently trading, Credit Suisse Group’s price objective indicates that there is a possibility of a gain of 97.3%.
A number of additional stock analysts have been drawn to WPM. National Bankshares lowered their price objective on Wheaton Precious Metals shares from C$68.00 (the previous level) to C$60.00 (the new level) in a report issued on Thursday, October 13th. Barclays lowered their price objective on Wheaton precious metals from C$41.00 (Canadian) to C$40.00 (Canadian), as stated in a research note published on Monday, October 17th. Stifel Nicolaus lowered their price target on Wheaton Precious Metals shares from C$66.50 to C$64.00 in a research note published on Wednesday, October 19th. Raymond James lowered their target price on Wheaton Precious Metals shares from C$52.00 to C$51.00 and gave the company an “outperform” rating in a research report published on Monday, August 22nd. Eight Capital dropped their price objective on Wheaton Precious Metals shares from C$76.00 to C$70.00 in a research report published on Wednesday, October 26th. Seven market watchers recommend purchasing the stock, while only one recommends keeping it in one’s portfolio. According to data provided by Bloomberg, the current average rating for Wheaton Precious Metals is “Moderate Buy,” and the price objective for the company is set at C$58.83.
In trading at midday on Friday, the TSE: WPM price increased by $0.86 Canadian to $49.52. There was a total trading volume of 409,981 shares, with an average volume of 1,066,766. The stock’s simple moving average over the past 50 days is $44.71, and its simple moving average over the past 200 days is $46.49. The corporation’s market capitalization is currently valued at 22.37 billion Canadian dollars, and its PE ratio is 21.16. The debt-to-equity ratio is 0.03, the current ratio is 18.18, and the quick ratio is 17.67. All of these numbers are relative to one another. Wheaton Precious Metals has had a one-year low of 39.05 Canadian dollars and a one-year high of 65.45 Canadian dollars in the last year.
The most recent earnings report for Wheaton Precious Metals (TSE: WPM) was published on November 3rd, which can be seen here. The firm reported earnings of $0.27 per share for the third quarter, which fell short of the consensus forecast of $0.33 per share among industry analysts by $0.06. The company reported sales for the quarter of C$285.54 million, which was lower than the consensus estimate of C$320.11 million among analysts. According to forecasts provided by financial experts, Wheaton Precious Metals should generate earnings of $0.85 per share in 2018.
Wheaton Precious Metals Corp. is a precious metals streaming corporation with headquarters in Canada that operates globally and sells wares in various locations. The corporation is in the business of selling deposits of precious metals like gold, silver, palladium, and cobalt. It has a financial interest in 23 operational mines and 13 development projects. Formerly known as Silver Wheaton Corp., this business now goes by its current name.