Wheaton Precious Metals price target raised to $132 from $127 at BofA

BofA raised the firm’s price target on Wheaton Precious Metals (WPM) to $132 from $127 and keeps a Buy rating on the shares. The firm raised price targets for its North American precious metals coverage by 16% on average on the back of higher gold and silver price forecasts, telling investors that the firm’s commodities team now forecasts gold to reach $5,000 per ounce and silver to hit $65 per ounce.