Analysts Set Wheaton Precious Metals Corp. (TSE:WPM) Price Target at C$97.67

Wheaton Precious Metals Corp. (TSE:WPM) has earned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$97.67.

Several equities research analysts have commented on WPM shares. Stifel Nicolaus upped their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Finally, National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th.

Wheaton Precious Metals Trading Up 1.3 %

Wheaton Precious Metals stock opened at C$95.69 on Friday. The business’s 50 day simple moving average is C$85.23 and its 200 day simple moving average is C$84.55. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$95.76. The company has a market cap of C$43.41 billion, a price-to-earnings ratio of 55.31 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.47 EPS for the quarter, meeting analysts’ consensus estimates of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts forecast that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is 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.