Wheaton Precious Metals Corp. (TSE:WPM) Receives C$106.00 Average Target Price from Brokerages

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been given an average recommendation of "Buy" by the nine research firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$106.00.

A number of equities analysts have recently issued reports on the company. Peel Hunt upped their price objective on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. BMO Capital Markets upgraded Wheaton Precious Metals to a "strong-buy" rating in a report on Tuesday, April 15th. National Bankshares increased their target price on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an "outperform" rating in a report on Monday, March 17th. CIBC increased their target price on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Finally, Stifel Nicolaus increased their target price on Wheaton Precious Metals from C$107.00 to C$141.00 in a report on Monday, April 21st.

Wheaton Precious Metals Trading Down 2.9%

Shares of WPM traded down C$3.69 during midday trading on Thursday, reaching C$121.52. The stock had a trading volume of 736,950 shares, compared to its average volume of 786,893. The company's 50-day moving average is C$114.21 and its 200 day moving average is C$100.04. Wheaton Precious Metals has a 12-month low of C$71.18 and a 12-month high of C$129.87. The company has a market capitalization of C$38.54 billion, a price-to-earnings ratio of 63.23 and a beta of 0.70.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 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.