New Buy Rating for Wheaton Precious Metals (WPM), the Basic Materials Giant
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Josh Wolfson maintained a Buy rating on Wheaton Precious Metals (WPM) with a $160 price target. The stock closed at C$185.75, implying downside from the target. Meanwhile, Bank of America Securities also assigned a Buy rating, though with a -$1.00 target. The broader Street consensus remains Strong Buy with an average target of $166.25.
RBC Capital analyst Josh Wolfson maintained a Buy rating on Wheaton Precious Metals on August 10 and set a price target of $160.00. The company’s shares closed yesterday at C$185.75.
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Wolfson covers the Basic Materials sector, focusing on stocks such as Triple Flag Precious Metals, Agnico Eagle, and Barrick Mining. According to TipRanks, Wolfson has an average return of 23.1% and a 68.24% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals with a $166.25 average price target, implying a -10.50% downside from current levels. In a report released on August 10, Bank of America Securities also assigned a Buy rating to the stock with a -$1.00 price target.