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.
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