According to The Fly, in a new note to investors on November 15, an analyst has provided a rating update for Wheaton Precious Metals Corp (WPM). TD Securities’ analyst Daniel Earle reiterates their Buy rating on the shares.
According to TipRanks.com, Earle has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.2% and a 24.5% success rate. Earle covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Detour Gold Corporation, and First Majestic Silver.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals Corp with a C$34.65 average price target.
Wheaton Precious Metals Corp’s market cap is currently C$9.36B and has a P/E ratio of 24.5. The company has a Price to Book ratio of 1.40.
Wheaton Precious Metals Corp. is the largest pure streaming company in the world. The company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high quality mines for an upfront payment and an additional payment upon delivery of the metals.
The company’s shares closed on Tuesday at C$20.79, close to its 52-week low of C$19.87.
