New Buy Rating for Wheaton Precious Metals (WPM), the Basic Materials Giant
In a report released yesterday, Richard Hatch from Berenberg Bank maintained a Buy rating on Wheaton Precious Metals, with a price target of p13,000.00. The company’s shares closed yesterday at C$190.62.
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Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Wheaton Precious Metals, and Anglo American. According to TipRanks, Hatch has an average return of 26.1% and a 59.51% success rate on recommended stocks.
Currently, the analyst consensus on Wheaton Precious Metals is a Strong Buy with an average price target of p1.33, a -99.30% downside from current levels. In a report released yesterday, TD Cowen also assigned a Buy rating to the stock with a $165.00 price target.
Based on Wheaton Precious Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$878.01 million and a net profit of C$566.83 million. In comparison, last year the company earned a revenue of C$380.52 million and had a net profit of C$88.15 million
Read More on WPM:
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