Wheaton Precious Metals (TSE:WPM) PT Raised to C$85.00 at Eight Capital

Wheaton Precious Metals (TSE:WPM) had its price target lifted by investment analysts at Eight Capital from C$82.50 to C$85.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Eight Capital’s price objective indicates a potential upside of 18.62% from the stock’s current price.

A number of other research analysts have also commented on WPM. Veritas Investment Research upped their target price on Wheaton Precious Metals from C$67.00 to C$84.00 in a research note on Friday, April 12th. Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, April 19th. National Bankshares lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$75.00 to C$68.00 in a research note on Friday, February 23rd. Finally, National Bank Financial cut Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday, February 21st.

Wheaton Precious Metals Trading Up 1.5 %

Shares of WPM stock opened at C$71.66 on Monday. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$74.72. The firm has a market capitalization of C$32.47 billion, a price-to-earnings ratio of 44.79 and a beta of 0.66. The stock’s 50 day simple moving average is C$63.27.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. The business had revenue of C$426.80 million during the quarter, compared to analyst estimates of C$381.95 million. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. On average, equities analysts expect that Wheaton Precious Metals will post 1.5534463 EPS for the current fiscal year.

Insider Buying and Selling at Wheaton Precious Metals

In other news, Senior Officer Gary Duncan Brown sold 1,857 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. In other news, Senior Officer Gary Duncan Brown sold 1,857 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. Insiders have sold 20,664 shares of company stock worth $1,272,782 over the last three months. Company insiders own 0.17% of the company’s stock.

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.