Wheaton Precious Metals Corp. (TSE:WPM) Receives Average Recommendation of “Buy” from Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$97.67.

A number of analysts recently commented on the company. Stifel Nicolaus increased their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. Eight Capital increased their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Finally, Peel Hunt raised their price target on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$83.17 on Monday. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.84. The firm has a 50-day moving average price of C$86.50 and a two-hundred day moving average price of C$82.94. The firm has a market cap of C$37.73 billion, a price-to-earnings ratio of 48.08 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were given a $0.21 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.01%. 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.