Wheaton Precious Metals (TSE:WPM) had its price objective upped by analysts at National Bank Financial from C$35.00 to C$40.00 in a report issued on Friday, June 28th, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 14.58% from the stock’s previous close.
Several other equities research analysts have also weighed in on WPM. Raymond James reiterated an “outperform” rating and issued a C$28.00 target price on shares of Wheaton Precious Metals in a report on Friday, March 22nd. Canaccord Genuity lowered shares of ProMetic Life Sciences to a “hold” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$33.43.
TSE WPM traded down C$0.26 during trading hours on Friday, hitting C$34.91. The company’s stock had a trading volume of 1,017,100 shares, compared to its average volume of 1,085,897. The stock has a fifty day moving average of C$31.29. Wheaton Precious Metals has a twelve month low of C$19.87 and a twelve month high of C$35.37. The firm has a market cap of $15.56 billion and a price-to-earnings ratio of 37.22. The company has a quick ratio of 2.05, a current ratio of 2.07 and a debt-to-equity ratio of 22.73.
In other news, Senior Officer Randy Smallwood sold 45,000 shares of Wheaton Precious Metals stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$27.32, for a total value of C$1,229,202.00. Following the completion of the transaction, the insider now owns 267,262 shares of the company’s stock, valued at approximately C$7,300,421.89. In the last three months, insiders sold 172,500 shares of company stock valued at $4,709,676.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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