Brokerages Set Wheaton Precious Metals Corp. (TSE:WPM) Target Price at C$97.67

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus rating of “Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$97.67.

Several research analysts recently weighed in on WPM shares. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Eight Capital lifted their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. UBS Group raised shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Peel Hunt raised their target price on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$83.20 on Monday. The company’s 50 day simple moving average is C$86.05 and its 200 day simple moving average is C$82.99. 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 has a market capitalization of C$37.74 billion, a price-to-earnings ratio of 48.09 and a beta of 0.70.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were issued a $0.21 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.01%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 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.