Wheaton Precious Metals price target raised to $79 from $77 at Jefferies

Jefferies raised the firm’s price target on Wheaton Precious Metals (WPM) to $79 from $77 and keeps a Buy rating on the shares. The firm continues to see gold price support from central bank purchases and the Fed rate cut cycle, albeit at a slower pace than previously envisaged, and is calling for $2,658/oz gold and $4.15/lb copper in 2025, the analyst tells investors.