Raymond raised Wheaton Precious Metals(WPM:TSX) to $78.50 from $71.

STA Research
by: STA Research

Raymond James maintained the Outperform rating on Wheaton Precious Metals, and raised the target to $78.50 from $71.

Scotiabank Capital maintained the Outperform rating on Wheaton Precious Metals, with a $83 target on the stock price.

STA Research kept the Buy rating on Wheaton Precious Metals, and maintained the 12 month target forecast at $70 per share.

Maintains Scotiabank Capital
Outperform
CAD 83

Wheaton Precious Metals Corp Stock Analysis:

Based on the Wheaton Precious Metals Corp stock forecasts from 14 analysts, the average analyst target price for Wheaton Precious Metals Corp is CAD 74.94 over the next 12 months. Wheaton Precious Metals Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Wheaton Precious Metals Corp is Slightly Bullish , which is based on 7 positive signals and 5 negative signals. At the last closing, Wheaton Precious Metals Corp’s stock price was CAD 56.86Wheaton Precious Metals Corp’s stock price has changed by -2.54% over the past week, -4.65% over the past month and +9.33% over the last year.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What we don’t like:

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector

 

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