WPM Crosses Above Average Analyst Target
July 01, 2020 at 08:30 AM EDT
In recent trading, shares of Wheaton Precious Metals Corp (WPM) have crossed above the average analyst 12-month target price of $43.02, changing hands for $44.05/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..