Wheaton Precious Metals Corp. (TSE:WPM) Receives C$110.86 Average Price Target from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) have received an average recommendation of "Buy" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$110.86.

A number of research firms recently commented on WPM. Stifel Nicolaus upped their price objective on Wheaton Precious Metals from C$107.00 to C$141.00 in a research report on Monday, April 21st. Canaccord Genuity Group upped their price objective on Wheaton Precious Metals from C$131.00 to C$134.00 in a research report on Tuesday, June 10th. Finally, BMO Capital Markets upgraded Wheaton Precious Metals to a "strong-buy" rating in a research report on Tuesday, April 15th.

Wheaton Precious Metals Trading Up 0.5%

Wheaton Precious Metals stock traded up C$0.58 during mid-day trading on Friday, hitting C$128.83. The company had a trading volume of 505,809 shares, compared to its average volume of 752,525. The stock's 50 day moving average price is C$122.21 and its two-hundred day moving average price is C$108.85. Wheaton Precious Metals has a 12 month low of C$72.93 and a 12 month high of C$131.82. The company has a market capitalization of C$40.86 billion, a PE ratio of 67.03 and a beta of 0.70.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 10th were issued a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.51%. 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.