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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$97.67.

A number of equities analysts have recently issued reports on WPM shares. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. National Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Finally, Eight Capital boosted their target price on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, September 26th.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$82.50 on Monday. The firm has a fifty day moving average of C$85.44 and a 200-day moving average of C$83.29. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84. The stock has a market cap of C$37.43 billion, a price-to-earnings ratio of 47.69 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

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