Wheaton Precious Metals (TSE:WPM) Price Target Increased to C$95.00 by Analysts at Eight Capital

Wheaton Precious Metals (TSE:WPM) had its price objective lifted by equities researchers at Eight Capital from C$85.00 to C$95.00 in a report issued on Thursday, BayStreet.CA reports. Eight Capital’s price objective indicates a potential upside of 17.56% from the company’s previous close.

Several other research analysts have also issued reports on the company. Stifel Nicolaus increased their price target on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Peel Hunt raised their target price on Wheaton Precious Metals from C$74.00 to C$82.00 in a report on Tuesday, April 30th. Canaccord Genuity Group raised their target price on Wheaton Precious Metals from C$80.00 to C$90.00 in a report on Tuesday, April 23rd. Veritas Investment Research raised their target price on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Finally, National Bankshares raised their target price on Wheaton Precious Metals from C$80.00 to C$85.00 and gave the company a “sector perform” rating in a report on Monday, May 13th.

Wheaton Precious Metals Trading Up 1.7 %

TSE WPM traded up C$1.37 during trading hours on Thursday, hitting C$80.81. 422,389 shares of the company’s stock were exchanged, compared to its average volume of 812,494. The firm has a 50-day moving average of C$74.64. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$81.12. The stock has a market cap of C$36.63 billion, a price-to-earnings ratio of 45.66 and a beta of 0.63.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.40 by C$0.09. The business had revenue of C$400.14 million for the quarter, compared to analyst estimates of C$391.32 million. Wheaton Precious Metals had a return on equity of 8.50% and a net margin of 53.74%. As a group, equities research analysts forecast that Wheaton Precious Metals will post 1.8465017 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Haytham Henry Hodaly sold 16,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.64, for a total transaction of C$1,264,560.00. In related news, Senior Officer Randy Smallwood sold 94,090 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$73.70, for a total transaction of C$6,934,433.00. Also, Senior Officer Haytham Henry Hodaly sold 16,500 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.64, for a total value of C$1,264,560.00. Insiders sold a total of 151,660 shares of company stock worth $11,281,465 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

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.