Blurbs

RBC Capital Maintains a Buy Rating on Wheaton Precious Metals (WPM)

In a report issued on July 7, Josh Wolfson from RBC Capital maintained a Buy rating on Wheaton Precious Metals (WPMResearch Report), with a price target of $52.00. The company’s shares closed last Friday at $35.19, close to its 52-week low of $33.86.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -2.3% and a 42.7% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Anglogold Ashanti, and Newmont Mining.

Currently, the analyst consensus on Wheaton Precious Metals is a Strong Buy with an average price target of $54.47, which is a 54.4% upside from current levels. In a report issued on July 6, BMO Capital also maintained a Buy rating on the stock with a $54.00 price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $51.91 and a one-year low of $33.86. Currently, Wheaton Precious Metals has an average volume of 2.61M.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. It focuses on the following precious metals streams: Salobo, Peñasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.

Read More on WPM:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos