UBS raises target for Wheaton Precious Metals stock to USD 160 - ad-hoc-news.de

AI desk brief

UBS lifted its Wheaton Precious Metals price target to USD 160 from USD 153 and kept a Buy rating, citing the company’s strong operating momentum and growth outlook. Wheaton reported Q2 revenue of USD 878 million, up 84.7% year over year, with EPS of USD 1.19, and is guiding to 1.20 million gold-equivalent ounces of production by 2030, about 50% above 2026 guidance levels.

The next catalyst is Q3 results on November 5, followed by a conference call on November 6. MarketBeat cited a consensus Moderate Buy and an average target of USD 166.91, while the stock was quoted at EUR 123.03 on Lang & Schwarz on October 12.