According to The Fly, a Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Dan Rollins from RBC Capital remains bullish on Wheaton Precious Metals Corp (WPM).
According to TipRanks.com, Rollins is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.9% and a 30.1% success rate. Rollins covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Osisko Mining Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals Corp with a C$33.61 average price target, which is a 31.6% upside from current levels. In a report issued on December 14, Scotiabank also maintained a Buy rating on the stock.
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Based on Wheaton Precious Metals Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$44.47 million. In comparison, last year the company had a net profit of C$83.45 million.
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 Monday at C$25.54.
