Wheaton Precious Metals price target raised to $78 from $72 at Scotiabank

Scotiabank raised the firm’s price target on Wheaton Precious Metals (WPM) to $78 from $72 and keeps an Outperform rating on the shares. The firm has adjusted its gold forecasts for 2025, 2026, and 2027, reflecting SC Economics/Strategy forecasts for interest rates, inflation, and USD expectations, the analyst tells investors. While the firm’s long-term gold price forecast has not changed, Scotiabank made changed to its net assets values and target prices for stocks covered in its Gold & Precious Minerals sector.