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

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$97.67.

A number of research firms have issued reports on WPM. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Peel Hunt increased their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Eight Capital upped their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus raised their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st.

Wheaton Precious Metals Stock Down 3.5 %

Shares of WPM opened at C$82.58 on Thursday. The stock’s fifty day simple moving average is C$87.67 and its 200-day simple moving average is C$82.18. The firm has a market capitalization of C$37.46 billion, a PE ratio of 47.73 and a beta of 0.70. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio is 48.55%.

Wheaton Precious Metals Company Profile

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.