Wheaton Precious Metals Corp. (TSE:WPM) Receives C$100.43 Average Target Price from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus rating of “Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$100.43.

Several research firms recently issued reports on WPM. CIBC increased their price target on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Peel Hunt upped their price objective on 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. BMO Capital Markets upgraded Wheaton Precious Metals to a “strong-buy” rating in a research report on Tuesday. TD Securities upped their price target on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Finally, National Bankshares lifted their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Monday, March 17th.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at C$116.36 on Wednesday. The company has a market cap of C$36.90 billion, a PE ratio of 60.55 and a beta of 0.70. The firm has a fifty day moving average price of C$104.39 and a two-hundred day moving average price of C$92.58. Wheaton Precious Metals has a fifty-two week low of C$69.78 and a fifty-two week high of C$119.94.

Wheaton Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were issued a $0.165 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.57%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 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.