In a new note to investors today, an analyst has provided a rating update for Wheaton Precious Metals Corp (WPM). The company received a Buy rating from Canaccord Genuity’s analyst Carey MacRury, with a C$43 price target.
According to TipRanks.com, MacRury is a top 100 analyst with an average return of 18.0% and a 80.0% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.
Wheaton Precious Metals Corp has an analyst consensus of Strong Buy, with a price target consensus of C$43, a 22.9% upside from current levels. In a report issued on July 11, Deutsche Bank also maintained a Buy rating on the stock.
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Wheaton Precious Metals Corp’s market cap is currently C$15.66B and has a P/E ratio of 27.1. The company has a Price to Book ratio of 2.24.
Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other.
The company’s shares closed on Friday at C$35, close to its 52-week high of C$35.26.
