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

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) have earned an average recommendation of "Buy" from the nine research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$106.00.

A number of equities research analysts recently commented on WPM shares. BMO Capital Markets raised shares of Wheaton Precious Metals to a "strong-buy" rating in a research note on Tuesday, April 15th. Peel Hunt raised their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. National Bankshares raised their target price on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. CIBC raised 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. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded up C$2.46 during trading hours on Friday, reaching C$109.35. 176,862 shares of the stock were exchanged, compared to its average volume of 760,665. The stock has a market cap of C$34.68 billion, a P/E ratio of 56.90 and a beta of 0.70. Wheaton Precious Metals has a 52-week low of C$71.18 and a 52-week high of C$120.60. The firm's 50 day moving average is C$110.27 and its 200 day moving average is C$96.33.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is 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.