Wheaton Precious Metals Corp. (TSE:WPM) Receives C$134.50 Average PT from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$134.50.

A number of equities analysts have recently issued reports on WPM shares. Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$144.00 to C$172.00 in a research note on Thursday, October 2nd. Peel Hunt upped their price target on shares of Wheaton Precious Metals from C$149.00 to C$161.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. UBS Group cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, CIBC boosted their price objective on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a report on Friday, September 12th.

Wheaton Precious Metals Stock Up 2.2%

TSE WPM opened at C$138.98 on Friday. The stock has a market capitalization of C$63.09 billion, a P/E ratio of 80.06 and a beta of 1.02. Wheaton Precious Metals has a 52-week low of C$79.88 and a 52-week high of C$160.44. The firm has a 50-day moving average price of C$144.79 and a 200 day moving average price of C$130.71.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is currently 36.87%.

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.