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

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has received an average recommendation of "Buy" from the nine analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$109.50.

WPM has been the subject of several recent research reports. Peel Hunt boosted their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a research report on Tuesday, June 10th. TD Securities upped their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a "buy" rating in a research note on Friday, March 14th. BMO Capital Markets upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, CIBC increased their target price on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th.

Wheaton Precious Metals Stock Down 2.8%

Wheaton Precious Metals stock opened at C$119.70 on Monday. The company's 50-day moving average price is C$118.27 and its two-hundred day moving average price is C$103.71. The stock has a market cap of C$37.96 billion, a P/E ratio of 62.28 and a beta of 0.70. Wheaton Precious Metals has a twelve month low of C$71.18 and a twelve month high of C$129.87.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's payout ratio 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.

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