Raymond James raised its price target on Wheaton Precious Metals Corp. (WPM.TO, WPM) to US$72 from US$70 on Wednesday.
Analyst Brian MacArthur maintained an Outperform rating on shares of the Vancouver-based precious metals streaming company following its Investor Day.
"For 2024, WPM continues to expect attributable production to be 325,000 to 370,000 ounces of gold, 18.5 to 20.5 million ounces of silver, and 12,000 to 15,000 GEOs of other metals, resulting in annual production of about 550,000 to 620,000 GEOs," MacArthur said in a note to clients.
"However, WPM expects production to grow to over 800,000 GEOs by 2028 (up about 40%) with about 80% of the growth from assets that are either operating, in construction, and/or permitted."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。