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

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has been given an average rating of "Buy" by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$97.67.

Several equities analysts have recently weighed in on WPM shares. Eight Capital increased their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a "buy" rating in a report on Thursday, September 26th. National Bank Financial upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Canaccord Genuity Group raised their price objective on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. National Bankshares upgraded shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Finally, Peel Hunt boosted their price objective on shares of 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.

Wheaton Precious Metals Price Performance

TSE WPM traded down C$0.76 during trading hours on Friday, reaching C$82.66. 570,100 shares of the company's stock traded hands, compared to its average volume of 773,118. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84. The firm has a market cap of C$37.50 billion, a PE ratio of 47.78 and a beta of 0.70. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, December 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.02%. Wheaton Precious Metals's dividend payout ratio is currently 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.