Wheaton Precious Metals (TSE:WPM) PT Lowered to C$68.00

Wheaton Precious Metals (TSE:WPMGet Rating) had its price objective lowered by National Bankshares from C$70.00 to C$68.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 55.11% from the stock’s current price.

WPM has been the topic of a number of other research reports. Eight Capital increased their price target on Wheaton Precious Metals from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. KeyCorp increased their price target on Wheaton Precious Metals to C$70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 19th. Finally, Canaccord Genuity Group increased their price target on Wheaton Precious Metals from C$76.00 to C$81.00 in a research note on Friday, April 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$67.54.

Wheaton Precious Metals Price Performance

WPM stock traded up C$0.31 on Monday, reaching C$43.84. The company had a trading volume of 512,648 shares, compared to its average volume of 1,093,463. Wheaton Precious Metals has a 1 year low of C$40.52 and a 1 year high of C$65.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.61 and a current ratio of 3.70. The company’s fifty day moving average is C$46.37 and its 200 day moving average is C$53.37. The company has a market cap of C$19.79 billion and a P/E ratio of 20.48.

Insider Activity at Wheaton Precious Metals

In related news, Director Eduardo Luna sold 13,000 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of C$52.44, for a total value of C$681,684.82. Following the completion of the sale, the director now directly owns 80,053 shares in the company, valued at approximately C$4,197,762.70.

About Wheaton Precious Metals

(Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

Further Reading

Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

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