Wheaton Precious Metals Corp. (TSE:WPM) Receives C$100.43 Average Price Target from Brokerages

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$106.00.

A number of brokerages have commented on WPM. CIBC increased their price target on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. TD Securities lifted their target price on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. National Bankshares lifted their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Finally, Peel Hunt increased their target price on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a report on Tuesday, March 11th.

Wheaton Precious Metals Trading Down 2.0 %

Shares of TSE WPM opened at C$115.45 on Wednesday. The stock’s 50-day moving average is C$105.56 and its 200 day moving average is C$93.27. The stock has a market cap of C$36.61 billion, a price-to-earnings ratio of 60.07 and a beta of 0.70. Wheaton Precious Metals has a 1-year low of C$69.78 and a 1-year high of C$120.60.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were given a $0.165 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.57%. Wheaton Precious Metals’s dividend payout ratio is currently 43.71%.

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.