Wheaton Precious Metals Corp (WPM) Receives Average Recommendation of “Buy” from Analysts

Wheaton Precious Metals Corp (TSE:WPM) has earned a consensus rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$31.29.

A number of brokerages recently issued reports on WPM. CIBC dropped their price objective on shares of Wheaton Precious Metals Corp from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Friday, August 11th. Canaccord Genuity dropped their price objective on shares of Wheaton Precious Metals Corp from C$35.00 to C$34.00 in a report on Friday, August 11th. National Bank Financial increased their target price on shares of Wheaton Precious Metals Corp from C$30.00 to C$32.00 in a research note on Friday, August 11th. Finally, Royal Bank Of Canada lowered their target price on shares of Wheaton Precious Metals Corp to C$31.00 and set an “outperform” rating for the company in a research note on Tuesday, September 5th.

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Shares of Wheaton Precious Metals Corp (TSE:WPM) traded up C$0.21 on Tuesday, hitting C$25.74. 704,020 shares of the company were exchanged, compared to its average volume of 1,016,248. Wheaton Precious Metals Corp has a 12-month low of C$22.63 and a 12-month high of C$30.32.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.116 per share. This represents a $0.46 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from Wheaton Precious Metals Corp’s previous quarterly dividend of $0.10. Wheaton Precious Metals Corp’s dividend payout ratio (DPR) is 42.37%.

Wheaton Precious Metals Corp Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. 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.

Analyst Recommendations for Wheaton Precious Metals Corp (TSE:WPM)

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