Canaccord Genuity Group Raises Wheaton Precious Metals (TSE:WPM) Price Target to C$100.00

Wheaton Precious Metals (TSE:WPM) had its price objective lifted by stock analysts at Canaccord Genuity Group from C$90.00 to C$100.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 19.98% from the company’s current price.

Several other equities research analysts have also commented on the stock. National Bankshares upped their price objective on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. Eight Capital upped their price target on shares of Wheaton Precious Metals from C$85.00 to C$95.00 in a research report on Thursday, July 11th. Stifel Nicolaus lifted their price objective on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Peel Hunt boosted their price objective on Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. Finally, Veritas Investment Research raised their target price on Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded up C$0.85 on Tuesday, reaching C$83.35. 152,995 shares of the stock were exchanged, compared to its average volume of 796,962. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$86.22. The company has a 50 day simple moving average of C$76.00. The company has a market capitalization of C$37.78 billion, a price-to-earnings ratio of 47.09 and a beta of 0.63.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.40 by C$0.09. The company had revenue of C$400.14 million for the quarter, compared to analyst estimates of C$391.32 million. Wheaton Precious Metals had a return on equity of 8.50% and a net margin of 53.74%. On average, research analysts predict that Wheaton Precious Metals will post 1.8465017 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Randy Smallwood sold 94,090 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$73.70, for a total value of C$6,934,433.00. In other news, Senior Officer Randy Smallwood sold 94,090 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$73.70, for a total transaction of C$6,934,433.00. Also, Director George Leslie Brack sold 370 shares of Wheaton Precious Metals stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$74.99, for a total value of C$27,745.60. Insiders sold a total of 151,660 shares of company stock valued at $11,281,465 over the last quarter. 0.13% of the stock is owned by insiders.

Wheaton Precious Metals Company Profile

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.