Wheaton Precious Metals (TSE:WPM – Free Report) had its price objective raised by Stifel Nicolaus from C$90.00 to C$102.00 in a research note released on Monday, BayStreet.CA reports.
WPM has been the topic of several other research reports. National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Peel Hunt increased their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Canaccord Genuity Group raised their target price on Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Eight Capital lifted their price objective on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals currently has an average rating of “Buy” and an average price target of C$97.67.
Read Our Latest Stock Analysis on WPM
Wheaton Precious Metals Stock Performance
Wheaton Precious Metals (TSE:WPM – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The firm had revenue of C$409.19 million for the quarter, compared to analysts’ expectations of C$400.03 million. As a group, research analysts predict that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.
Wheaton Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 dividend on an annualized basis and a yield of 0.92%. Wheaton Precious Metals’s payout ratio is 48.55%.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.
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