Wheaton Precious Metals (TSE:WPM) Upgraded at UBS Group

UBS Group upgraded shares of Wheaton Precious Metals (TSE:WPM) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Stifel Nicolaus upped 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. Peel Hunt upped their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Eight Capital upped their price objective 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. Finally, National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Price Performance

WPM opened at C$88.66 on Monday. 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 has a market capitalization of C$40.22 billion, a PE ratio of 51.08 and a beta of 0.70. The company’s 50-day moving average is C$86.38 and its 200 day moving average is C$80.72.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, December 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 48.55%.

About Wheaton Precious Metals

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.