Wheaton Precious Metals (TSE:WPM) Raised to “Outperform” at National Bankshares

National Bankshares upgraded shares of Wheaton Precious Metals (TSE:WPM) from a sector perform rating to an outperform rating in a research note issued to investors on Thursday morning, BayStreet.CA reports. National Bankshares currently has C$105.00 price target on the stock, up from their prior price target of C$90.00.

Other research analysts have also recently issued reports about the company. Eight Capital boosted their target price on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a buy rating in a research note on Thursday, September 26th. Peel Hunt lifted their price objective on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a buy rating in a report on Wednesday, October 2nd. Finally, Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of Buy and an average price target of C$94.00.

Wheaton Precious Metals Stock Down 0.3 %

Shares of Wheaton Precious Metals stock opened at C$83.57 on Thursday. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$87.37. The business has a fifty day simple moving average of C$81.97 and a 200 day simple moving average of C$77.32. The stock has a market cap of C$37.91 billion, a PE ratio of 48.87 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million. Analysts expect that Wheaton Precious Metals will post 2.412993 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.214 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.86 annualized dividend and a dividend yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio is currently 49.12%.

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.