Wheaton Precious Metals Corp. (TSE:WPM) Receives C$100.43 Average Price Target from Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received a consensus rating of “Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$100.43.

Several equities analysts have weighed in on the stock. 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 report on Friday, March 14th. TD Securities upped their target price on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, March 14th. National Bankshares increased their target price on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Monday, March 17th. Peel Hunt boosted their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets raised Wheaton Precious Metals to a “strong-buy” rating in a research note on Tuesday.

Wheaton Precious Metals Stock Down 1.1 %

Shares of TSE WPM opened at C$116.36 on Wednesday. The firm has a 50-day moving average price of C$104.39 and a 200 day moving average price of C$92.58. Wheaton Precious Metals has a 52 week low of C$69.78 and a 52 week high of C$119.94. The stock has a market capitalization of C$36.90 billion, a price-to-earnings ratio of 60.55 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.57%. Wheaton Precious Metals’s dividend 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.