Berenberg Bank Sticks to Its Buy Rating for Wheaton Precious Metals (WPM)
In a report released yesterday, Richard Hatch from Berenberg Bank maintained a Buy rating on Wheaton Precious Metals, with a price target of p13,300.00. The company’s shares closed yesterday at C$210.00.
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Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Anglo American, and Anglo American. According to TipRanks, Hatch has an average return of 27.7% and a 59.63% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals with a p1.27 average price target, representing a -99.39% downside. In a report released on March 2, RBC Capital also maintained a Buy rating on the stock with a $145.00 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:
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- Wheaton Precious Metals price target raised to $188 from $160 at BofA
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