Wheaton Precious Metals Corp. (TSE:WPM) Receives C$106.00 Consensus Target Price from Brokerages

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus recommendation of “Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$106.00.

Several equities analysts have recently issued reports on the stock. TD Securities lifted 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. National Bankshares lifted their target price on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th. Peel Hunt upped their price objective on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. BMO Capital Markets raised Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, CIBC boosted their price objective on shares of 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.

Wheaton Precious Metals Stock Down 2.9%

WPM opened at C$121.52 on Thursday. Wheaton Precious Metals has a 52 week low of C$71.18 and a 52 week high of C$129.87. The firm has a market cap of C$38.54 billion, a price-to-earnings ratio of 63.23 and a beta of 0.70. The business’s 50 day moving average is C$114.21 and its two-hundred day moving average is C$99.96.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, June 10th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 43.71%.

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.