Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$165.00

Wheaton Precious Metals (TSE:WPM) had its price target hoisted by Peel Hunt from C$162.00 to C$165.00 in a research report released on Wednesday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group upped their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research note on Thursday, October 2nd. UBS Group cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, CIBC raised their price target on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$135.17.

Wheaton Precious Metals Stock Down 1.4%

TSE WPM opened at C$146.15 on Wednesday. Wheaton Precious Metals has a 52 week low of C$79.88 and a 52 week high of C$160.44. The company has a 50 day moving average price of C$145.36 and a 200 day moving average price of C$131.75. The firm has a market cap of C$66.35 billion, a PE ratio of 66.34 and a beta of 1.02.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Friday, November 7th. The company reported C$0.81 EPS for the quarter. The firm had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%. On average, equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, December 4th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 29.51%.

Wheaton Precious Metals Company Profile

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.