Wheaton Precious Metals (TSE:WPM) Stock Price Expected to Rise, National Bank Financial Analyst Says

Wheaton Precious Metals (TSE:WPM) had its price target increased by stock analysts at National Bank Financial from C$205.00 to C$210.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 13.65% from the stock’s current price.

WPM has been the topic of a number of other research reports. BMO Capital Markets increased their target price on Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd. Stifel Nicolaus upped their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Peel Hunt lowered their price objective on Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$194.62.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded down C$2.55 during midday trading on Monday, hitting C$184.77. 355,220 shares of the company were exchanged, compared to its average volume of 812,327. Wheaton Precious Metals has a 52 week low of C$126.12 and a 52 week high of C$226.68. The firm has a market capitalization of C$83.91 billion, a P/E ratio of 46.69 and a beta of 1.39. The firm’s 50 day moving average price is C$161.85 and its two-hundred day moving average price is C$180.81.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 earnings per share for the quarter. The firm had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. Analysts expect that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Insider Buying and Selling at Wheaton Precious Metals

In related news, insider Vincent Chun Yip Lau bought 225 shares of Wheaton Precious Metals stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of C$176.85 per share, with a total value of C$39,791.25. Following the acquisition, the insider owned 1,065 shares in the company, valued at C$188,345.25. This trade represents a 26.79% increase in their position. Insiders own 0.13% of the company’s stock.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.