BMO Capital Markets upgraded shares of Wheaton Precious Metals (TSE:WPM - Free Report) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.
WPM has been the topic of several other reports. TD Securities boosted 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 note on Friday, March 14th. CIBC boosted their price target on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. National Bankshares upped their price objective on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Peel Hunt lifted their target price on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Finally, Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$100.43.
Read Our Latest Stock Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Performance
TSE WPM traded down C$1.25 during trading hours on Tuesday, hitting C$116.36. 396,084 shares of the company traded hands, compared to its average volume of 750,526. Wheaton Precious Metals has a twelve month low of C$69.78 and a twelve month high of C$119.94. The business's 50-day moving average is C$104.81 and its 200-day moving average is C$92.80. The stock has a market capitalization of C$36.90 billion, a price-to-earnings ratio of 60.55 and a beta of 0.70.
Wheaton Precious Metals Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is 43.71%.
About Wheaton Precious Metals
(
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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.
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