Street Calls of the Week
Wheaton Precious Metals Corp has reached a significant milestone, as its stock hit an all-time high of 114.01 USD, with a substantial market capitalization of $51.6 billion. According to InvestingPro analysis, the company maintains an impressive financial health score of 3.24, labeled as "GREAT." This achievement underscores the company’s impressive performance over the past year, during which its stock price has surged by 78.69%. The increase reflects strong investor confidence and positive market sentiment, supported by robust fundamentals including a healthy gross profit margin of 83.8% and strong revenue growth of 46.8%. As Wheaton Precious Metals continues to capitalize on favorable market conditions, the stock’s upward trajectory highlights its robust position within the precious metals sector. InvestingPro subscribers can access 20 additional investment tips and a comprehensive Pro Research Report for deeper insights into the company’s valuation and growth prospects.
In other recent news, Wheaton Precious Metals reported record second-quarter earnings, surpassing analyst expectations. The company achieved a remarkable revenue of $503 million, marking a 68% increase compared to the previous year, and an operating cash flow of $415 million, which is up 77% from the prior year. Following these impressive results, several financial firms have adjusted their price targets for Wheaton Precious Metals. CFRA raised its price target to C$158.00, citing the strong quarterly performance. Berenberg also increased its target to C$78.00, maintaining a Buy rating due to Wheaton’s record earnings. Additionally, Jefferies raised its price target to $114.00, highlighting Wheaton’s high-quality and diversified asset base. Scotiabank adjusted its target to $109.00, noting the de-risking of development assets expected to contribute significantly this year. These developments reflect a positive outlook from analysts on Wheaton Precious Metals’ performance and future prospects.
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