UBS Reaffirms Their Hold Rating on Wheaton Precious Metals (WPM)

UBS analyst Daniel Major maintained a Hold rating on Wheaton Precious Metals today and set a price target of $122.00. The company’s shares closed yesterday at $110.27.

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According to TipRanks, Major is a 5-star analyst with an average return of 20.9% and a 67.08% success rate. Major covers the Basic Materials sector, focusing on stocks such as Kinross Gold, Newmont Mining, and Wheaton Precious Metals.

In addition to UBS, Wheaton Precious Metals also received a Hold from RBC Capital’s Josh Wolfson in a report issued on October 13. However, today, Bank of America Securities maintained a Buy rating on Wheaton Precious Metals (NYSE: WPM).

WPM market cap is currently $50.13B and has a P/E ratio of 63.41.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WPM in relation to earlier this year.