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

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) have been given a consensus recommendation of "Buy" by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$97.67.

Several brokerages recently issued reports on WPM. Peel Hunt lifted their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Stifel Canada downgraded Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Stifel Nicolaus boosted their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st. National Bankshares raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Finally, Eight Capital upped their price objective on 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.

Wheaton Precious Metals Trading Down 3.7 %

WPM traded down C$3.37 during trading on Thursday, reaching C$87.36. 680,689 shares of the company's stock were exchanged, compared to its average volume of 778,236. The stock has a market capitalization of C$39.63 billion, a PE ratio of 50.50 and a beta of 0.70. The firm has a fifty day moving average price of C$87.47 and a two-hundred day moving average price of C$82.00. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, December 6th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 0.96%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.