Brokerages Set Wheaton Precious Metals Corp. (TSE:WPM) Target Price at C$97.67

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) have received an average rating of "Buy" from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$97.67.

Several research firms recently commented on WPM. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Eight Capital lifted their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. National Bankshares raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Finally, Peel Hunt lifted 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 research note on Wednesday, October 2nd.

Wheaton Precious Metals Stock Down 2.7 %

WPM traded down C$2.25 during trading on Monday, reaching C$80.92. 376,063 shares of the stock traded hands, compared to its average volume of 484,083. The stock's 50-day moving average is C$86.26 and its 200 day moving average is C$82.93. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$94.84. The stock has a market capitalization of C$36.71 billion, a PE ratio of 46.77 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, December 6th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 1.04%. 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.