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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$109.50.

Several brokerages have recently commented on WPM. BMO Capital Markets raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Tuesday, April 15th. Peel Hunt raised their price target 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 lifted their price target on shares of 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. Canaccord Genuity Group increased their price objective on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a research report on Tuesday, June 10th. Finally, TD Securities raised their target price on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, March 14th.

Wheaton Precious Metals Trading Down 2.8%

WPM stock opened at C$119.70 on Monday. The firm has a market cap of C$37.96 billion, a PE ratio of 62.28 and a beta of 0.70. The stock has a 50-day moving average price of C$118.27 and a 200-day moving average price of C$103.71. Wheaton Precious Metals has a 1-year low of C$71.18 and a 1-year high of C$129.87.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 10th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.55%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 43.71%.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.