Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$134.00

Wheaton Precious Metals (TSE:WPM) had its price objective boosted by Canaccord Genuity Group from C$131.00 to C$134.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets upgraded shares of Wheaton Precious Metals to a “strong-buy” rating in a report on Tuesday, April 15th. CIBC upped their price target on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Peel Hunt upped their target price on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. National Bankshares upped their target price on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Finally, Stifel Nicolaus increased their price objective on Wheaton Precious Metals from C$107.00 to C$141.00 in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$109.50.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$123.00 on Tuesday. The firm has a market cap of C$39.01 billion, a P/E ratio of 64.00 and a beta of 0.70. Wheaton Precious Metals has a one year low of C$71.18 and a one year high of C$129.87. The stock’s 50 day moving average is C$115.48 and its 200 day moving average is C$100.80.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.54%. Wheaton Precious Metals’s payout ratio is 43.71%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.