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

Shares of Wheaton Precious Metals Corp. (TSE:WPMGet Free Report) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$97.67.

WPM has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Eight Capital lifted their target price on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Finally, Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd.

Read Our Latest Stock Report on WPM

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$87.40 on Friday. The stock has a market cap of C$39.65 billion, a PE ratio of 50.52 and a beta of 0.70. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The firm’s 50-day simple moving average is C$86.23 and its 200 day simple moving average is C$80.61.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, December 6th will be paid a $0.21 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 0.96%. Wheaton Precious Metals’s dividend payout ratio is 48.55%.

About Wheaton Precious Metals

(Get Free Report

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.

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Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

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