In a latest note to investors, a research analyst has provided a rating update for the Wheaton Precious Metals Corp (WPM). Analyst Carey MacRury from Canaccord Genuity remains bullish on the stock and has a C$41 price target.
According to TipRanks.com, MacRury is ranked 0 out of 5 stars with an average return of -9.3% and a 28.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Currently, the analyst consensus on Wheaton Precious Metals Corp is a Strong Buy with an average price target of C$33.61, which is a 32.6% upside from current levels. In a report issued on December 14, Scotiabank also maintained a Buy rating on the stock.
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Wheaton Precious Metals Corp’s market cap is currently C$11.25B and has a P/E ratio of 29.4. The company has a Price to Book ratio of 1.68.
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 Friday at C$25.34.
