December 14, 2018 / 12:15 PM / 7 months ago

BUZZ-Christmas comes early for Wheaton Precious - Barclays

** Canadian precious metal miner’s U.S.-listed shares up ~5 pct at $17.38 premarket

** Barclays raises PT to $22 from $21 on company’s settlement with Canada Revenue Agency; Income from company’s wholly-owned foreign units will not be subject to tax in Canada

** Brokerage sees the agreement as a “significant positive” as it removes tax overhang at a low cost; Allows investors and management to focus on WPM’s “attractive” valuation

** All 15 brokerages covering the stock rate it “buy” or higher; Median PT $25

** Stock down 21.4 pct YTD (Reporting by Shanti S Nair in Bengaluru)

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