Wheaton Precious Metals Corp. (TSE:WPM) Receives Average Recommendation of “Buy” from Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given an average recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$97.67.

Several equities analysts have recently commented on WPM shares. Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Eight Capital increased their target price on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st.

Wheaton Precious Metals Stock Down 0.9 %

Shares of TSE:WPM opened at C$82.66 on Friday. The company has a market cap of C$37.50 billion, a PE ratio of 47.78 and a beta of 0.70. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The firm has a 50-day simple moving average of C$85.94 and a 200 day simple moving average of C$80.42.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, December 6th will be paid a $0.21 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 1.02%. Wheaton Precious Metals’s payout ratio is 48.55%.

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.