Wheaton Precious Metals Corp. (TSE:WPM) Given Average Recommendation of "Buy" by Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) have been given an average rating of "Buy" by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$100.43.

A number of equities analysts have commented on WPM shares. TD Securities lifted their price objective on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a "buy" rating in a research report on Friday, March 14th. BMO Capital Markets raised shares of Wheaton Precious Metals to a "strong-buy" rating in a research note on Tuesday. Peel Hunt increased their target price on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. National Bankshares boosted their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Finally, CIBC raised their price target on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an "outperform" rating in a research note on Friday, March 14th.

Wheaton Precious Metals Trading Down 1.1 %

Shares of TSE WPM traded down C$1.25 during mid-day trading on Wednesday, hitting C$116.36. The company had a trading volume of 396,084 shares, compared to its average volume of 750,526. The firm has a 50-day simple moving average of C$104.39 and a two-hundred day simple moving average of C$92.58. Wheaton Precious Metals has a one year low of C$69.78 and a one year high of C$119.94. The company has a market capitalization of C$36.90 billion, a PE ratio of 60.55 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were given a dividend of $0.165 per share. The ex-dividend date of this dividend 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 presently 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.