Wheaton Precious Metals Corp. (TSE:WPM) Receives Consensus Rating of “Buy” from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has been given an average recommendation of “Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$109.50.

WPM has been the topic of a number of recent research reports. BMO Capital Markets raised shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. National Bankshares boosted their price objective on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. TD Securities boosted their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a research note on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a research note on Monday, April 21st.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at C$121.80 on Thursday. The firm’s fifty day simple moving average is C$115.04 and its 200-day simple moving average is C$100.64. The stock has a market capitalization of C$38.63 billion, a price-to-earnings ratio of 63.38 and a beta of 0.70. Wheaton Precious Metals has a 12 month low of C$71.18 and a 12 month high of C$129.87.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.54%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 43.71%.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.