Wheaton Precious Metals (TSE:WPM) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Wheaton Precious Metals (TSE:WPM - Free Report) to a strong-buy rating in a research report report published on Tuesday, April 15th,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. CIBC lifted their target price on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. TD Securities increased their price target on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a "buy" rating in a report on Friday, March 14th. National Bankshares lifted their price objective on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. Finally, Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Five analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average target price of C$106.00.

Wheaton Precious Metals Trading Down 0.2 %

Shares of TSE:WPM traded down C$0.22 during mid-day trading on Tuesday, reaching C$117.62. The stock had a trading volume of 270,971 shares, compared to its average volume of 742,610. The business's 50 day moving average price is C$105.21 and its 200 day moving average price is C$93.05. Wheaton Precious Metals has a 1 year low of C$69.78 and a 1 year high of C$120.60. The company has a market cap of C$37.30 billion, a P/E ratio of 61.20 and a beta of 0.70.

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 paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend 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.