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New Buy Rating for Wheaton Precious Metals (WPM), the Basic Materials Giant

Tipranks - Tipranks - Tue May 12, 9:00PM CDT

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Buy rating on Wheaton Precious Metals, with a price target of $200.00.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Royal Gold, and OR Royalties. According to TipRanks, Wolfson has an average return of 22.4% and a 66.46% success rate on recommended stocks.

In a report released on May 8, Scotiabank also maintained a Buy rating on the stock with a $178.00 price target.

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WPM market cap is currently C$86.25B and has a P/E ratio of 26.03.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WPM in relation to earlier this year.

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