Wheaton Precious Metals Corp. (TSE:WPM) Receives C$110.86 Average Price Target from Brokerages

Key Points

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Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been assigned a consensus recommendation of "Buy" from the nine ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$110.86.

A number of research firms have recently commented on WPM. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a research report on Tuesday, June 10th. UBS Group lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th.

Wheaton Precious Metals Stock Up 0.7%

Shares of TSE:WPM traded up C$0.94 during trading on Tuesday, reaching C$132.16. The stock had a trading volume of 670,736 shares, compared to its average volume of 745,482. Wheaton Precious Metals has a 52 week low of C$78.22 and a 52 week high of C$143.00. The firm has a market capitalization of C$41.91 billion, a price-to-earnings ratio of 68.77 and a beta of 0.70. The stock has a fifty day simple moving average of C$126.63 and a two-hundred day simple moving average of C$115.54.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th will be paid a $0.165 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.