Wheaton Precious Metals (TSE:WPM) Given New C$40.00 Price Target at National Bank Financial

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.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.17. The business had revenue of C$299.22 million during the quarter, compared to analyst estimates of C$270.76 million. As a group, sell-side analysts anticipate that Wheaton Precious Metals will post 0.52 EPS for the current year.

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.

Further Reading: What are momentum indicators and what do they show?

Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.