Wheaton Precious Metals (TSE:WPM) Rating Increased to Strong-Buy at Stifel Canada

Wheaton Precious Metals (TSE:WPM) was upgraded by equities researchers at Stifel Canada from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.89 EPS.

WPM has been the topic of several other reports. National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$90.00 to C$105.00 in a research note on Thursday, October 10th. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Finally, UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Up 3.1 %

Shares of TSE WPM opened at C$94.44 on Tuesday. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$95.70. The company has a market cap of C$42.84 billion, a price-to-earnings ratio of 54.59 and a beta of 0.70. The business has a fifty day simple moving average of C$85.23 and a 200-day simple moving average of C$84.55.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Thursday, November 7th. The company reported C$0.47 EPS for the quarter, hitting the consensus estimate of C$0.47. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, sell-side analysts expect that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

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.