National Bankshares Cuts Wheaton Precious Metals (TSE:WPM) Price Target to C$65.00

Wheaton Precious Metals (TSE:WPM – Get Rating) had its target price reduced by National Bankshares from C$68.00 to C$65.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus lifted their target price on shares of Wheaton Precious Metals from C$64.00 to C$66.00 in a research note on Monday, January 23rd. National Bank Financial lowered their target price on shares of Wheaton Precious Metals from C$68.00 to C$65.00 in a research note on Monday. Credit Suisse Group lifted their target price on shares of Wheaton Precious Metals from C$48.00 to C$50.00 in a research note on Friday, November 18th. CSFB lowered their target price on shares of Wheaton Precious Metals from C$65.00 to C$60.00 in a research note on Thursday, March 2nd. Finally, Canaccord Genuity Group lowered their target price on shares of Wheaton Precious Metals from C$70.00 to C$67.00 in a research note on Wednesday, February 22nd.

Wheaton Precious Metals Trading Up 6.2 %

Shares of Wheaton Precious Metals stock opened at C$59.41 on Monday. 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 has a 1 year low of C$39.05 and a 1 year high of C$65.45. The company has a market capitalization of C$26.85 billion, a P/E ratio of 24.52, a P/E/G ratio of 3.76 and a beta of 0.46. The business has a 50 day moving average price of C$57.82 and a 200 day moving average price of C$50.83.

Wheaton Precious Metals Increases Dividend

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

Insider Activity

In related news, Senior Officer Patrick Eugene Drouin sold 32,670 shares of Wheaton Precious Metals 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. Corporate 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.