Wheaton Precious Metals (WPM): New Buy Recommendation for This Basic Materials Giant
In a report released on February 3, Josh Wolfson from RBC Capital maintained a Buy rating on Wheaton Precious Metals, with a price target of $145.00. The company’s shares closed yesterday at C$186.63.
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According to TipRanks, Wolfson is a top 100 analyst with an average return of 24.4% and a 70.02% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Gold Fields, Kinross Gold, and Anglogold Ashanti PLC.
Currently, the analyst consensus on Wheaton Precious Metals is a Strong Buy with an average price target of $159.73, implying a -14.41% downside from current levels. In a report released yesterday, CIBC also maintained a Buy rating on the stock with a $215.00 price target.
The company has a one-year high of C$214.41 and a one-year low of C$92.59. Currently, Wheaton Precious Metals has an average volume of 786.1K.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WPM in relation to earlier this year.
Read More on WPM:
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- Wheaton Precious Metals price target raised to C$215 from C$175 at CIBC
- Wheaton Precious Metals Updates Share Capital After Employee Option Exercise
- Wheaton Precious Metals price target raised to $158 from $118 at UBS
- Wheaton Precious Metals price target raised to $175 from $128 at Scotiabank
- Wheaton Precious Metals price target raised to C$220 from C$190 at Canaccord
