Wheaton Precious Metals Corp. (TSE:WPM) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$97.67.

Several research firms recently weighed in on WPM. Stifel Nicolaus lifted their target price on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Peel Hunt boosted their price objective on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. National Bankshares raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Eight Capital upped their price target 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.

Wheaton Precious Metals Stock Down 0.7 %

Shares of WPM stock opened at C$85.58 on Thursday. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The firm’s 50 day moving average price is C$87.60 and its two-hundred day moving average price is C$82.13. The stock has a market cap of C$38.82 billion, a price-to-earnings ratio of 49.47 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 48.55%.

Wheaton Precious Metals Company Profile

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.