BofA lowered the firm’s price target on Wheaton Precious Metals (WPM) to $132 from $133 and keeps a Buy rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China’s slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WPM:
- Barrick Gold (B) Shines as Activist Elliott Buys into Split-Up Plan
- Wheaton Precious Metals Shines in Earnings Call
- Wheaton Precious Metals Reports Record Q3 2025 Results
- Wheaton Precious Metals: Strong Financial Position and Strategic Growth Initiatives Support Buy Rating
- Wheaton Precious Metals Achieves Record Financial Performance in 2025