Wheaton Precious Metals (TSE:WPM) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of Wheaton Precious Metals (TSE:WPM - Free Report) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other analysts have also recently commented on the stock. National Bank Financial upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. National Bankshares upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Eight Capital increased their price objective on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Stifel Nicolaus lifted their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Finally, Canaccord Genuity Group increased their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$97.67.

Wheaton Precious Metals Trading Up 0.4 %

Shares of WPM stock traded up C$0.38 on Monday, hitting C$87.78. 119,711 shares of the stock were exchanged, compared to its average volume of 771,057. The firm's 50 day moving average is C$86.23 and its two-hundred day moving average is C$80.61. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$94.84. The firm has a market capitalization of C$39.82 billion, a PE ratio of 50.52 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st. 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.