Analyst Lawson Winder from Bank of America Securities maintained a Buy rating on Wheaton Precious Metals (WPM – Research Report) and keeping the price target at $77.00.
Lawson Winder has given his Buy rating due to a combination of factors that highlight Wheaton Precious Metals’ strong financial position and growth potential. The company reported solid cash generation in Q4’24, with operating cash flow significantly exceeding expectations, and maintained a robust balance sheet with no debt and substantial liquidity. This financial strength supports its ability to fund future commitments and acquisitions, as well as to continue increasing dividends, which were raised by 6.5% in the latest quarter.
Wheaton Precious Metals also demonstrated positive operational metrics, with a slight increase in gold equivalent ounce reserves and a reaffirmation of its production guidance. The company’s unique exposure to silver, combined with its strong forecasted free cash flow, positions it favorably compared to peers. These factors, along with the company’s progressive dividend policy and solid growth prospects, underpin Winder’s decision to maintain a Buy rating with a price objective of $77.00 USD.
In another report released on February 26, TD Cowen also maintained a Buy rating on the stock with a $78.00 price target.
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