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

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$106.00.

A number of equities analysts have weighed in on the company. National Bankshares upped their target price on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th. BMO Capital Markets upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Tuesday, April 15th. CIBC raised their target price on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a report on Monday, April 21st.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$119.56 on Friday. Wheaton Precious Metals has a fifty-two week low of C$71.18 and a fifty-two week high of C$120.60. The stock has a market cap of C$37.92 billion, a P/E ratio of 62.21 and a beta of 0.70. The firm’s fifty day moving average price is C$109.80 and its 200-day moving average price is C$96.02.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.55%. Wheaton Precious Metals’s payout ratio is 43.71%.

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.