Wheaton Precious Metals Corp. (TSE:WPM) Receives C$97.67 Average PT from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has been given an average recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$97.67.

A number of brokerages have commented on WPM. Eight Capital increased their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Peel Hunt increased their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. 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. Stifel Nicolaus increased their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Finally, National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$90.00 to C$105.00 in a report on Thursday, October 10th.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$83.20 on Monday. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84. The stock has a market cap of C$37.74 billion, a price-to-earnings ratio of 48.09 and a beta of 0.70. The firm has a fifty day moving average of C$86.05 and a 200-day moving average of C$82.99.

Wheaton Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.55%.

About Wheaton Precious Metals

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.