Canaccord Genuity Group Increases Wheaton Precious Metals (TSE:WPM) Price Target to C$90.00

Wheaton Precious Metals (TSE:WPM) had its price target raised by Canaccord Genuity Group from C$80.00 to C$90.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 25.02% from the company’s previous close.

WPM has been the topic of several other research reports. National Bank Financial downgraded Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Veritas Investment Research upped their target price on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. Eight Capital upped their target price on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus upped their target price on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, National Bankshares cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$75.00 to C$68.00 in a research report on Friday, February 23rd.

Wheaton Precious Metals Stock Up 0.5 %

Shares of WPM opened at C$71.99 on Tuesday. The company has a market capitalization of C$32.62 billion, a price-to-earnings ratio of 44.99 and a beta of 0.66. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$74.72. The firm’s 50-day moving average price is C$63.46.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.07. The business had revenue of C$426.80 million for the quarter, compared to the consensus estimate 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 research analysts expect that Wheaton Precious Metals will post 1.5534463 earnings per share for the current fiscal year.

Insider Activity at Wheaton Precious Metals

In related news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction that occurred 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 the last ninety days, insiders sold 20,664 shares of company stock worth $1,272,782. Insiders own 0.17% of the company’s stock.

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.