Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$240.00

Wheaton Precious Metals (TSE:WPM) had its price target hoisted by Stifel Nicolaus from C$205.00 to C$240.00 in a research note published on Tuesday,BayStreet.CA reports.

WPM has been the subject of several other research reports. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective for the company in a research report on Wednesday, December 10th. Peel Hunt increased their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$159.29.

Wheaton Precious Metals Trading Down 6.3%

WPM opened at C$189.50 on Tuesday. The stock has a 50-day moving average price of C$176.56 and a 200-day moving average price of C$153.83. Wheaton Precious Metals has a 12-month low of C$95.38 and a 12-month high of C$214.41. The stock has a market capitalization of C$86.04 billion, a P/E ratio of 86.02 and a beta of 0.96.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.62 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. The company had revenue of C$663.15 million during the quarter. On average, equities research analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 29.51%.

About Wheaton Precious Metals

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. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.