Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$165.00 at Peel Hunt

Wheaton Precious Metals (TSE:WPM) had its target price upped by Peel Hunt from C$162.00 to C$165.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

WPM has been the subject of several other research reports. Canaccord Genuity Group upped their price target on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd. CIBC upped their target price on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, UBS Group cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$135.17.

Wheaton Precious Metals Stock Performance

Shares of TSE WPM traded down C$2.72 during midday trading on Wednesday, hitting C$148.27. The company’s stock had a trading volume of 468,441 shares, compared to its average volume of 775,512. Wheaton Precious Metals has a 1-year low of C$79.88 and a 1-year high of C$160.44. The firm’s fifty day moving average price is C$145.20 and its 200-day moving average price is C$131.41. The firm has a market cap of C$67.32 billion, a P/E ratio of 85.41 and a beta of 1.02.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Friday, November 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The firm had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. As a group, research analysts predict that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s payout ratio is currently 36.87%.

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.