New Buy Rating for Wheaton Precious Metals (WPM), the Basic Materials Giant
RBC Capital analyst Josh Wolfson maintained a Buy rating on Wheaton Precious Metals on March 2 and set a price target of $145.00. The company’s shares closed yesterday at C$226.64.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Wolfson is a top 100 analyst with an average return of 29.6% and a 72.33% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Triple Flag Precious Metals, and Barrick Mining.
Currently, the analyst consensus on Wheaton Precious Metals is a Strong Buy with an average price target of $167.22, representing a -26.22% downside. In a report released on February 26, Bank of America Securities also maintained a Buy rating on the stock with a $188.00 price target.
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
Read More on WPM:
Disclaimer & DisclosureReport an Issue
- Wheaton Precious Metals Updates Share Capital and Voting Rights After Option Exercise
- Wheaton Precious Metals Awards US$1 Million to Cetos Water in Sustainability-Focused Mining Challenge
- Wheaton Precious Metals price target raised to $188 from $160 at BofA
- Wheaton Precious Metals price target lowered to $164 from $165 at TD Securities
- Wheaton Precious Metals price target raised to C$235 from C$220 at Canaccord
