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Wheaton Precious Metals price target raised to $118 from $106 at UBS

UBS analyst Daniel Major raised the firm’s price target on Wheaton Precious Metals (WPM) to $118 from $106 and keeps a Neutral rating on the shares. A soft patch in Q3 has not materialized and UBS is positive on copper, aluminum, and gold looking forward, the analyst tells investors in a research note.

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