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

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$97.67.

A number of analysts have recently issued reports on the company. National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. Eight Capital increased their price target on shares of 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. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus upped their target price on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research report on Monday, October 21st.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at C$82.50 on Monday. The stock has a market capitalization of C$37.43 billion, a price-to-earnings ratio of 47.69 and a beta of 0.70. The company’s fifty day simple moving average is C$85.63 and its two-hundred day simple moving average is C$83.15. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 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.