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 Upgrades and Downgrades
A number of research analysts have weighed in on WPM shares. Stifel Nicolaus decreased their price objective on Wheaton Precious Metals from C$71.00 to C$66.50 in a report on Wednesday, July 20th. Barclays decreased their price objective on Wheaton Precious Metals from $49.00 to $41.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 19th. TD Securities decreased their price objective on Wheaton Precious Metals from $62.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 9th. Raymond James cut their target price on Wheaton Precious Metals from $55.00 to $54.00 and set an "outperform" rating for the company in a research note on Friday, August 5th. Finally, KeyCorp cut their target price on Wheaton Precious Metals from $56.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals has an average rating of "Moderate Buy" and a consensus price target of $54.44.
Wheaton Precious Metals Price Performance
Shares of WPM Stock opened at $34.09 on Monday. Wheaton Precious Metals has a 1-year low of $31.56 and a 1-year high of $51.90. The firm has a market cap of $15.40 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 5.23 and a beta of 0.51. The company has a 50-day moving average of $36.02 and a two-hundred day moving average of $41.85.
Wheaton Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Friday, August 26th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.76%. Wheaton Precious Metals's dividend payout ratio is currently 36.81%.