Wheaton Precious Metals (TSE:WPM)‘s stock had its “outperform” rating reaffirmed by investment analysts at Raymond James in a research note issued on Friday, March 22nd, BayStreet.CA reports. They presently have a C$28.00 price objective on the stock. Raymond James’ price target would suggest a potential downside of 10.34% from the company’s current price.
A number of other brokerages also recently issued reports on WPM. CSFB downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 19th. Eight Capital raised their price target on shares of Wheaton Precious Metals from C$34.00 to C$35.00 in a report on Monday, December 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$30.00 price target on shares of Wheaton Precious Metals in a report on Friday, February 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$27.00 price target on shares of Wheaton Precious Metals in a report on Monday, December 17th.
WPM stock traded up C$0.39 during trading on Friday, hitting C$31.23. 683,221 shares of the stock traded hands, compared to its average volume of 1,096,087. Wheaton Precious Metals has a 1 year low of C$19.87 and a 1 year high of C$33.85. The company has a market capitalization of $13.70 billion and a price-to-earnings ratio of 32.53. The company has a debt-to-equity ratio of 24.44, a quick ratio of 2.71 and a current ratio of 2.76.
In other Wheaton Precious Metals news, Director John Brough sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$33.48, for a total transaction of C$50,220.00. Also, Senior Officer Randy Smallwood sold 10,820 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$33.34, for a total transaction of C$360,738.80. Following the sale, the insider now owns 267,262 shares in the company, valued at approximately C$8,910,515.08. In the last 90 days, insiders have sold 16,320 shares of company stock worth $544,175.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 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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