Wheaton Precious Metals Corp. (TSE:WPM) Receives C$134.50 Consensus PT from Analysts

by · The Cerbat Gem

Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) has earned a consensus recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$134.50.

Several research firms have recently issued reports on WPM. UBS Group downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Peel Hunt boosted their price objective on shares of Wheaton Precious Metals from C$149.00 to C$161.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a report on Thursday, October 2nd. Finally, CIBC boosted their price objective on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a report on Friday, September 12th.

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Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$133.01 on Friday. The firm’s 50-day moving average is C$144.66 and its 200-day moving average is C$130.38. Wheaton Precious Metals has a 52-week low of C$79.88 and a 52-week high of C$160.44. The company has a market cap of C$60.38 billion, a price-to-earnings ratio of 76.62 and a beta of 1.02.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Wheaton Precious Metals’s payout ratio is presently 36.87%.

About Wheaton Precious Metals

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Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.

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