Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. 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. was founded in 2004 and is headquartered in Vancouver, Canada.
Analyst Ratings Changes
Several analysts recently commented on WPM shares. Raymond James cut their price objective on Wheaton Precious Metals from $54.00 to $52.00 and set an "outperform" rating for the company in a report on Monday. Barclays cut their price objective on Wheaton Precious Metals from $49.00 to $41.00 and set an "equal weight" rating for the company in a report on Tuesday, July 19th. TD Securities cut their price objective on Wheaton Precious Metals from $50.00 to $49.00 and set a "buy" rating for the company in a report on Wednesday. KeyCorp cut their price objective on Wheaton Precious Metals from $56.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, July 18th. Finally, Stifel Nicolaus cut their price objective on Wheaton Precious Metals from C$71.00 to C$66.50 in a report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.56.
Wheaton Precious Metals Stock Down 3.7 %
NYSE:WPM traded down $1.25 during mid-day trading on Wednesday, hitting $32.58. 5,349,739 shares of the company traded hands, compared to its average volume of 2,625,460. The stock's fifty day moving average price is $35.51 and its 200-day moving average price is $41.69. Wheaton Precious Metals has a one year low of $31.56 and a one year high of $51.90. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 5.20 and a beta of 0.51.
Wheaton Precious Metals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Friday, August 26th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.84%. The ex-dividend date is Wednesday, September 7th. Wheaton Precious Metals's dividend payout ratio is presently 36.81%.