Wheaton Precious Metals Corp. (TSE:WPM) Given Consensus Rating 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.

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

Several research firms have recently issued reports on WPM. Canaccord Genuity Group raised their target price on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a report on Tuesday, June 10th. UBS Group lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. CIBC raised their target price on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Finally, 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.

Wheaton Precious Metals Stock Performance

WPM stock traded down C$0.15 during trading on Friday, hitting C$144.56. 746,051 shares of the company's stock traded hands, compared to its average volume of 758,409. The business has a fifty day simple moving average of C$133.80 and a 200 day simple moving average of C$121.19. The stock has a market capitalization of C$65.62 billion, a price-to-earnings ratio of 83.27 and a beta of 0.70. Wheaton Precious Metals has a 52 week low of C$79.88 and a 52 week high of C$150.50.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued 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 yield of 0.5%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.