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

Key Points

• Wheaton Precious Metals Corp. has been given a consensus recommendation of "Buy" by eight brokerages, with an average target price of C$134.50.
• The company recently announced a quarterly dividend of $0.165 per share, equating to an annual yield of 0.4%.
• Wheaton Precious Metals has a market capitalization of C$68.60 billion and a 52-week high of C$158.88.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been assigned an average recommendation of "Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$134.50.

WPM has been the subject of several recent research reports. CIBC upped their target price on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Peel Hunt upped their price objective on shares of Wheaton Precious Metals from C$149.00 to C$161.00 and gave the company a "buy" rating in a research report on Monday, September 8th. 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, Canaccord Genuity Group upped their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at C$151.12 on Wednesday. The firm has a fifty day moving average of C$140.45 and a two-hundred day moving average of C$125.57. The stock has a market capitalization of C$68.60 billion, a price-to-earnings ratio of 87.05 and a beta of 0.91. Wheaton Precious Metals has a 52 week low of C$79.88 and a 52 week high of C$158.88.

Wheaton Precious Metals Dividend Announcement

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

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.

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