Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$120.00 at National Bankshares

Wheaton Precious Metals (TSE:WPM) had its target price increased by National Bankshares from C$115.00 to C$120.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 11.21% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Peel Hunt boosted their target price on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. CIBC increased their price objective on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, TD Securities boosted their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$98.38.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded up C$1.86 during mid-day trading on Monday, reaching C$107.90. The stock had a trading volume of 239,520 shares, compared to its average volume of 650,530. The company has a market capitalization of C$34.22 billion, a price-to-earnings ratio of 56.14 and a beta of 0.70. Wheaton Precious Metals has a one year low of C$58.72 and a one year high of C$109.07. The company has a 50-day moving average price of C$92.93 and a two-hundred day moving average price of C$88.04.

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.