National Bank Financial Trims Wheaton Precious Metals (TSE:WPM) Target Price to C$65.00

Wheaton Precious Metals (TSE:WPM – Get Rating) had its target price lowered by National Bank Financial from C$68.00 to C$65.00 in a research report released on Monday morning, The Fly reports.

WPM has been the topic of a number of other reports. Credit Suisse Group increased their price target on shares of Wheaton Precious Metals from C$48.00 to C$50.00 in a report on Friday, November 18th. CSFB lowered their price target on shares of Wheaton Precious Metals from C$65.00 to C$60.00 in a report on Thursday, March 2nd. National Bankshares lowered their price target on shares of Wheaton Precious Metals from C$70.00 to C$68.00 and set an outperform rating on the stock in a report on Tuesday, February 14th. Stifel Nicolaus increased their price target on shares of Wheaton Precious Metals from C$64.00 to C$66.00 in a report on Monday, January 23rd. Finally, Canaccord Genuity Group lowered their price target on shares of Wheaton Precious Metals from C$70.00 to C$67.00 in a report on Wednesday, February 22nd.

Wheaton Precious Metals Stock Up 6.2 %

TSE:WPM opened at C$59.41 on Monday. The firm has a market capitalization of C$26.85 billion, a P/E ratio of 24.52, a PEG ratio of 3.76 and a beta of 0.46. Wheaton Precious Metals has a 1-year low of C$39.05 and a 1-year high of C$65.45. The company’s fifty day moving average price is C$57.82 and its 200-day moving average price is C$50.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.18 and a quick ratio of 17.67.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Friday, March 24th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.38%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, March 23rd. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 33.06%.

Insider Buying and Selling at Wheaton Precious Metals

In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 32,670 shares of the stock in a transaction on Wednesday, December 28th. The shares were sold at an average price of C$54.27, for a total transaction of C$1,773,000.90. Insiders own 0.43% of the company’s stock.

Wheaton Precious Metals Company Profile

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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.