Analysts Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$97.67

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

A number of research firms recently issued reports on WPM. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Peel Hunt increased their price target on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Stifel Nicolaus increased their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Finally, Eight Capital boosted their price target on 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.

Wheaton Precious Metals Stock Down 2.1 %

Shares of WPM stock opened at C$82.50 on Monday. The business has a fifty day simple moving average of C$85.63 and a 200 day simple moving average of C$83.15. The company has a market cap of C$37.43 billion, a P/E ratio of 47.69 and a beta of 0.70. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 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.