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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$97.67.

A number of equities research analysts recently commented on WPM shares. Eight Capital upped their price objective on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Peel Hunt upped 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 note on Wednesday, October 2nd. National Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st.

Wheaton Precious Metals Stock Performance

WPM opened at C$82.50 on Monday. The company has a fifty day moving average price of C$85.44 and a two-hundred day moving average price of C$83.29. The firm has a market capitalization of C$37.43 billion, a PE ratio of 47.69 and a beta of 0.70. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.84.

Wheaton Precious Metals Cuts Dividend

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