Wheaton Precious Metals (TSE:WPM) Given New C$141.00 Price Target at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM - Free Report) had its price target boosted by Stifel Nicolaus from C$107.00 to C$141.00 in a report published on Monday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. BMO Capital Markets raised Wheaton Precious Metals to a "strong-buy" rating in a research report on Tuesday, April 15th. Peel Hunt lifted their price objective 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. National Bankshares boosted their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Finally, TD Securities increased their target price on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a "buy" rating in a research report on Friday, March 14th. Five investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and a consensus target price of C$106.00.

Wheaton Precious Metals Stock Performance

WPM stock traded down C$0.73 during mid-day trading on Monday, hitting C$113.15. The company had a trading volume of 633,745 shares, compared to its average volume of 754,383. The firm has a market cap of C$35.88 billion, a PE ratio of 58.88 and a beta of 0.70. Wheaton Precious Metals has a 12 month low of C$71.18 and a 12 month high of C$120.60. The stock's fifty day moving average price is C$106.58 and its two-hundred day moving average price is C$93.91.

Wheaton Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is presently 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.