TD Securities Boosts Wheaton Precious Metals (TSE:WPM) Price Target to C$78.00

Wheaton Precious Metals (TSE:WPM) had its target price increased by TD Securities from C$76.00 to C$78.00 in a report published on Wednesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$94.86.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$99.89 on Wednesday. The company has a 50-day moving average of C$88.62 and a two-hundred day moving average of C$86.37. The stock has a market cap of C$31.68 billion, a price-to-earnings ratio of 51.98 and a beta of 0.70. Wheaton Precious Metals has a one year low of C$54.95 and a one year high of C$101.33.

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.