Raymond James raised the firm’s price target on Wheaton Precious Metals (WPM) to $114 from $112 and keeps an Outperform rating on the shares. Wheaton Precious Metals announced that it has committed financing to Carcetti Capital Coporation to support Carcetti’s proposed acquisition of the Hemlo Mine from Barrick (B), the analyst tells investors in a research note. Wheaton will pay HMC total upfront cash consideration of up to $400M, subject to certain customary conditions, the firm says.
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