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

Key Points

• Wheaton Precious Metals Corp. has received an average recommendation of "Buy" from nine analysts, with an average 1-year target price of C$124.14.
• The company recently announced a quarterly dividend of $0.165 per share, reflecting an annualized dividend yield of 0.4%.
• Wheaton Precious Metals reported a market capitalization of C$67.02 billion, with shares trading at C$147.63, down 0.5% recently.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been assigned an average recommendation of "Buy" from the nine analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$124.14.

Several equities research analysts recently issued reports on WPM shares. Peel Hunt raised their target price on shares of Wheaton Precious Metals from C$149.00 to C$161.00 and gave the stock a "buy" rating in a report on Monday, September 8th. CIBC raised their target price on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an "outperform" rating in a report on Friday. Canaccord Genuity Group raised their target price on Wheaton Precious Metals from C$131.00 to C$134.00 in a report on Tuesday, June 10th. Finally, UBS Group cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th.

Wheaton Precious Metals Trading Down 0.5%

Shares of WPM stock opened at C$147.63 on Friday. Wheaton Precious Metals has a 12-month low of C$79.88 and a 12-month high of C$150.50. The firm's 50 day moving average is C$131.95 and its 200 day moving average is C$119.93. The stock has a market capitalization of C$67.02 billion, a P/E ratio of 85.04 and a beta of 0.70.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.4%. Wheaton Precious Metals's payout ratio is 36.87%.

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.

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