Analysts Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$100.43

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been assigned an average rating of "Buy" from the nine brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$100.43.

A number of brokerages have weighed in on WPM. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. CIBC raised their price objective on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. BMO Capital Markets raised Wheaton Precious Metals to a "strong-buy" rating in a report on Tuesday, April 15th. National Bankshares raised their price target 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. Finally, TD Securities upped their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a "buy" rating in a research note on Friday, March 14th.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded down C$1.25 during trading on Wednesday, hitting C$116.36. The company's stock had a trading volume of 396,084 shares, compared to its average volume of 750,526. Wheaton Precious Metals has a 52 week low of C$69.78 and a 52 week high of C$119.94. The company has a market capitalization of C$36.90 billion, a PE ratio of 60.55 and a beta of 0.70. The company has a fifty day simple moving average of C$104.81 and a two-hundred day simple moving average of C$92.80.

Wheaton Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is presently 43.71%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.