Wheaton Precious Metals (TSE:WPM) Given New C$134.00 Price Target at Canaccord Genuity Group

Wheaton Precious Metals (TSE:WPM) had its price objective raised by Canaccord Genuity Group from C$131.00 to C$134.00 in a report issued on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. Stifel Nicolaus increased their price target on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a report on Monday, April 21st. TD Securities increased their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a report on Friday, March 14th. Peel Hunt increased their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Finally, CIBC increased their price target on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a report on Friday, March 14th. Five research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of C$109.50.

Wheaton Precious Metals Stock Down 1.1%

Shares of WPM opened at C$120.60 on Tuesday. The company has a 50-day simple moving average of C$114.62 and a 200-day simple moving average of C$100.49. The company has a market capitalization of C$38.25 billion, a PE ratio of 62.75 and a beta of 0.70. Wheaton Precious Metals has a 52-week low of C$71.18 and a 52-week high of C$129.87.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.55%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 43.71%.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.