Wheaton Precious Metals Corp. (TSE:WPM) Given Average Rating of "Buy" by Brokerages

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been given an average rating of "Buy" by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$110.86.

WPM has been the subject of a number of recent research reports. Canaccord Genuity Group increased their price objective on Wheaton Precious Metals from C$131.00 to C$134.00 in a report on Tuesday, June 10th. UBS Group cut shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Stifel Nicolaus upped their price target on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a research report on Monday, April 21st.

Wheaton Precious Metals Stock Down 1.0%

TSE WPM opened at C$128.97 on Tuesday. The company has a market capitalization of C$40.90 billion, a price-to-earnings ratio of 67.11 and a beta of 0.70. Wheaton Precious Metals has a twelve month low of C$78.22 and a twelve month high of C$143.00. The stock has a fifty day simple moving average of C$126.05 and a 200 day simple moving average of C$114.67.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 yield of 0.5%. Wheaton Precious Metals's dividend payout ratio (DPR) is 43.71%.

Wheaton Precious Metals Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.