Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$72.50

Wheaton Precious Metals (TSE:WPM) had its price target hoisted by research analysts at Raymond James to C$72.50 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 22.55% from the stock’s previous close. Raymond James also issued estimates for Wheaton Precious Metals’ Q2 2021 earnings at $0.46 EPS, Q3 2021 earnings at $0.51 EPS, Q4 2021 earnings at $0.51 EPS, FY2021 earnings at $1.92 EPS, Q2 2022 earnings at $0.50 EPS, Q3 2022 earnings at $0.52 EPS, Q4 2022 earnings at $0.54 EPS and FY2022 earnings at $2.04 EPS.

A number of other research analysts have also recently issued reports on WPM. National Bank Financial boosted their price objective on shares of Wheaton Precious Metals to C$75.00 and gave the company an “outperform” rating in a report on Thursday, May 20th. Canaccord Genuity decreased their price objective on shares of Wheaton Precious Metals from C$82.00 to C$78.00 in a report on Tuesday, February 9th. CSFB boosted their price objective on shares of Wheaton Precious Metals from C$55.00 to C$60.00 in a report on Wednesday, May 19th. Royal Bank of Canada restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, March 12th. Finally, Eight Capital decreased their price objective on shares of Wheaton Precious Metals from C$90.00 to C$85.00 and set a “buy” rating for the company in a report on Tuesday, April 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$70.44.

Shares of TSE:WPM opened at C$59.16 on Wednesday. Wheaton Precious Metals has a one year low of C$44.09 and a one year high of C$76.69. The business’s 50 day simple moving average is C$54.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.03 and a current ratio of 2.08. The firm has a market cap of C$26.62 billion and a PE ratio of 38.34.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, March 11th. The company reported C$0.43 EPS for the quarter, hitting the consensus estimate of C$0.43. The business had revenue of C$373.05 million for the quarter, compared to analyst estimates of C$394.28 million. On average, sell-side analysts anticipate that Wheaton Precious Metals will post 1.6599999 EPS for the current year.

In other news, Senior Officer Randy Smallwood sold 114,800 shares of the business’s stock in a transaction on Thursday, March 18th. The shares were sold at an average price of C$49.34, for a total value of C$5,664,404.20. Following the sale, the insider now owns 343,950 shares of the company’s stock, valued at C$16,971,008.93. Also, Director Douglas Martin Holtby sold 3,285 shares of the business’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of C$49.12, for a total transaction of C$161,359.86. Following the completion of the sale, the director now directly owns 43,157 shares in the company, valued at approximately C$2,119,880.47. In the last ninety days, insiders sold 134,015 shares of company stock worth $6,586,592.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The company was formerly known as Silver Wheaton Corp.

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