Canaccord Genuity Group Boosts Wheaton Precious Metals (TSE:WPM) Price Target to C$172.00

Wheaton Precious Metals (TSE:WPM) had its price target raised by Canaccord Genuity Group from C$144.00 to C$172.00 in a research report report published on Thursday,BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. CIBC increased their target price 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. UBS Group cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$149.00 to C$161.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$134.50.

Wheaton Precious Metals Stock Performance

Shares of TSE:WPM opened at C$152.98 on Thursday. The stock has a market capitalization of C$69.45 billion, a price-to-earnings ratio of 88.12 and a beta of 0.70. Wheaton Precious Metals has a 1-year low of C$79.88 and a 1-year high of C$158.88. The company’s fifty day moving average is C$139.46 and its two-hundred day moving average is C$124.95.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 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.