Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$141.00 at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM - Free Report) had its target price increased by Stifel Nicolaus from C$107.00 to C$141.00 in a research report released on Monday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. National Bankshares raised their target price on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. BMO Capital Markets raised Wheaton Precious Metals to a "strong-buy" rating in a research report on Tuesday, April 15th. TD Securities boosted their price target on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, Peel Hunt upped their price objective on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$106.00.

Wheaton Precious Metals Trading Down 0.9 %

WPM traded down C$1.07 on Monday, hitting C$112.81. 103,362 shares of the company's stock traded hands, compared to its average volume of 747,301. The company's 50 day simple moving average is C$106.27 and its 200-day simple moving average is C$93.70. Wheaton Precious Metals has a one year low of C$71.18 and a one year high of C$120.60. The firm has a market cap of C$35.78 billion, a price-to-earnings ratio of 58.70 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.59%. 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.