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

Tipranks - Tipranks - Fri Feb 27, 5:57AM CST

In a report released today, Lawson Winder from Bank of America Securities maintained a Buy rating on Wheaton Precious Metals, with a price target of $160.00.

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According to TipRanks, Winder is a 5-star analyst with an average return of 23.0% and a 60.90% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Newmont Mining, and Eldorado Gold.

In a report released on February 18, TD Cowen also maintained a Buy rating on the stock with a $164.00 price target.

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Based on Wheaton Precious Metals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$476.26 million and a net profit of C$367.22 million. In comparison, last year the company earned a revenue of C$308.25 million and had a net profit of C$154.64 million

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