Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$102.00 at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM) had its target price upped by Stifel Nicolaus from C$90.00 to C$102.00 in a report released on Monday morning, BayStreet.CA reports.

A number of other research analysts also recently commented on WPM. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group boosted their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. 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. Peel Hunt boosted their target price on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, National Bankshares raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and an average price target of C$97.67.

Wheaton Precious Metals Stock Down 0.4 %

Shares of TSE:WPM opened at C$93.00 on Monday. The company’s fifty day moving average is C$84.19 and its two-hundred day moving average is C$78.63. The company has a market cap of C$42.19 billion, a P/E ratio of 53.76 and a beta of 0.70. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. The firm had revenue of C$409.19 million for the quarter, compared to analyst estimates of C$400.03 million. Equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.214 per share. This represents a $0.86 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s payout ratio is 48.55%.

About Wheaton Precious Metals

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.