RBC Capital analyst Josh Wolfson maintained a Hold rating on Wheaton Precious Metals (WPM – Research Report) on April 1 and set a price target of $45.00. The company’s shares closed yesterday at $51.09.
According to TipRanks, Wolfson is a 4-star analyst with an average return of 3.5% and a 61.33% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Franco-Nevada, and Gold Fields.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals with a $53.53 average price target.
Based on Wheaton Precious Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $313.47 million and a net profit of $168.43 million. In comparison, last year the company earned a revenue of $236.05 million and had a net profit of $166.13 million
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Wheaton Precious Metals (WPM) Company Description:
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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