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

Shares of Wheaton Precious Metals Corp (TSE:WPM) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$31.29.

A number of brokerages have recently commented on WPM. Desjardins reiterated a “buy” rating on shares of Wheaton Precious Metals in a research report on Monday, December 11th. Royal Bank of Canada cut their price objective on Wheaton Precious Metals to C$31.00 and set an “outperform” rating for the company in a research report on Tuesday, September 5th. Finally, Eight Capital reiterated a “buy” rating on shares of Wheaton Precious Metals in a research report on Thursday, November 16th.

Shares of Wheaton Precious Metals (TSE:WPM) opened at C$27.88 on Wednesday. Wheaton Precious Metals has a 52-week low of C$23.18 and a 52-week high of C$30.32. The company has a market capitalization of $12,300.00, a price-to-earnings ratio of 48.07 and a beta of -0.09.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Monday, November 27th were issued a $0.116 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.66%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.10. Wheaton Precious Metals’s dividend payout ratio is presently 51.72%.

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Wheaton Precious Metals 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 (TSE:WPM)

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