In a report released today, Dan Rollins from RBC Capital reiterated a Buy rating on Wheaton Precious Metals Corp (WPM), with a price target of $30. The company’s shares opened today at $19.02.
According to TipRanks.com, Rollins is ranked 0 out of 5 stars with an average return of -11.9% and a 30.1% success rate. Rollins covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Osisko Mining Inc, and IAMGOLD Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals Corp with a $26.57 average price target, implying a 39.7% upside from current levels. In a report issued on December 14, Scotiabank also maintained a Buy rating on the stock with a $35 price target.
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Wheaton Precious Metals Corp’s market cap is currently $8.41B and has a P/E ratio of 29.75. The company has a Price to Book ratio of 1.62.
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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.
