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

Tipranks - Fri Mar 13, 9:06PM 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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According to TipRanks, Wolfson is a top 100 analyst with an average return of 25.7% and a 70.29% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Barrick Mining, and Triple Flag Precious Metals.

Currently, the analyst consensus on Wheaton Precious Metals is a Strong Buy with an average price target of $178.50.

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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