BofA raised the firm’s price target on Wheaton Precious Metals to $69 from $61 and keeps a Buy rating on the shares. The firm updated estimates post “strong” Q2 results for Wheaton, increasing its 2024 EPS estimate to $1.48 from $1.43. The firm also cites a “bullish” gold price view, calling for it to reach $3,000 per ounce by sometime in 2025.
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