Wheaton Precious Metals (TSE:WPM) PT Raised to C$102.00

Wheaton Precious Metals (TSE:WPM) had its price objective hoisted by Stifel Nicolaus from C$90.00 to C$102.00 in a research note released on Monday, BayStreet.CA reports.

A number of other research analysts have also issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd. Peel Hunt increased their price target on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Eight Capital lifted their price objective on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, National Bankshares upgraded 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 report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Price Performance

Shares of TSE WPM opened at C$93.33 on Monday. The firm has a market cap of C$42.34 billion, a price-to-earnings ratio of 53.95 and a beta of 0.70. The stock’s fifty day moving average price is C$83.92 and its two-hundred day moving average price is C$78.53. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The company had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million. On average, equities analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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