The Globe and Mail reports in its Tuesday, March 19, edition that TD Securities analyst Greg Barnes has upgraded Wheaton Precious Metals to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Barnes gave his share target a $2 boost to $53 (all figures U.S.). Analysts on average target the shares at 56.20.
Mr. Barnes says in a note, "In our view, Wheaton Precious Metals has the better GEO growth profile over the next several years relative to its closest peer, Franco-Nevada, and we like the move to a progressive dividend policy." The Globe reported on Aug. 18 that Credit Suisse analyst Fahad Tariq had reaffirmed his "neutral" recommendation for Wheaton Precious. The shares could then be had for $41.01. The Globe reported on Sept. 26 that National Bank Financial analyst Shane Nagle had reaffirmed his "outperform" recommendation for Wheaton Precious, which could then be had for $41.55. The Globe reported on Feb. 23 that National Bank analyst Shane Nagle had lowered his recommendation for Wheaton Precious to "sector perform" from "outperform." The shares could then be had for $39.86.
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