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Silver Wheaton Corp’s stock has reached an unprecedented peak, touching an all-time high of $72.05, with a robust market capitalization of $32.5 billion. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 53. This milestone underscores a remarkable period of growth for the company, which has seen its stock value surge by 57.82% over the past year. Investors have rallied behind Silver Wheaton (TSX:WPM), buoyed by strong market trends and the company’s robust performance, including impressive revenue growth of 29.72% and an overall financial health score of "GREAT" according to InvestingPro. With analyst price targets reaching as high as $85, the stock continues setting new benchmarks for financial success. Discover 16 additional key insights about WPM with an InvestingPro subscription, including exclusive Fair Value analysis and comprehensive Pro Research Reports.
In other recent news, Berenberg analysts have maintained their Buy rating for Wheaton Precious Metals (NYSE:WPM), setting a price target of $72.00. The analysts anticipate strong production results for 2024, adjusting their models based on the fourth-quarter performance of Salobo in Brazil, which is operated by Vale. This adjustment suggests Wheaton’s gold-equivalent production could reach the upper end of its guidance range at 616,000 ounces. Berenberg’s revenue projections for 2024 align closely with Visible Alpha’s consensus, both estimating revenues at $1.28 billion and earnings per share at $1.42. For 2025, Berenberg forecasts Wheaton’s revenue to be $1.45 billion, with EBITDA at $1.13 billion and EPS at $1.66, noting a slightly more conservative outlook than Visible Alpha due to expected lower volumes and metal prices. These recent developments highlight the significance of Wheaton’s forthcoming production and sales results, which investors are keenly awaiting.
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