Wheaton Precious Metals Corp. (TSE:WPM) Receives Average Recommendation of “Buy” from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$97.67.

Several brokerages have weighed in on WPM. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$98.20 on Tuesday. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$99.79. The business has a fifty day moving average price of C$87.66 and a 200-day moving average price of C$85.89. The stock has a market capitalization of C$31.14 billion, a price-to-earnings ratio of 51.10 and a beta of 0.70.

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.