Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$95.00 at Peel Hunt

Wheaton Precious Metals (TSE:WPM) had its target price raised by Peel Hunt from C$82.00 to C$95.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also issued reports on WPM. Canaccord Genuity Group upped their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Eight Capital increased their price objective on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a buy rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$90.67.

Wheaton Precious Metals Stock Down 0.4 %

TSE WPM opened at C$81.89 on Wednesday. The stock’s 50-day simple moving average is C$81.86 and its two-hundred day simple moving average is C$76.47. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$87.37. The company has a market capitalization of C$37.15 billion, a price-to-earnings ratio of 47.89 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.39 by C$0.06. The business had revenue of C$409.19 million during the quarter, compared to analyst estimates of C$400.03 million. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. On average, equities analysts expect that Wheaton Precious Metals will post 2.412993 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.214 dividend. This represents a $0.86 annualized dividend and a yield of 1.05%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 49.12%.

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.