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, 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.

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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.

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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.

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