Peel Hunt Raises Wheaton Precious Metals (TSE:WPM) Price Target to C$161.00

Wheaton Precious Metals (TSE:WPM) had its target price raised by Peel Hunt from C$149.00 to C$161.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s target price suggests a potential upside of 10.34% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$131.00 to C$134.00 in a report on Tuesday, June 10th. UBS Group lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$118.14.

Wheaton Precious Metals Trading Up 1.0%

Shares of TSE WPM traded up C$1.47 during trading hours on Monday, hitting C$145.91. 386,966 shares of the company traded hands, compared to its average volume of 750,887. Wheaton Precious Metals has a 12 month low of C$78.87 and a 12 month high of C$147.34. The stock has a market capitalization of C$66.24 billion, a price-to-earnings ratio of 84.05 and a beta of 0.70. The company’s 50 day moving average price is C$129.56 and its 200 day moving average price is C$118.52.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.