Canaccord Genuity Group Issues Positive Forecast for Wheaton Precious Metals (TSE:WPM) Stock Price

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

Other equities research analysts also recently issued reports about the stock. CIBC upped their target price on shares of 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. Stifel Nicolaus upped their target price on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a research note on Monday, April 21st. 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 research note on Monday, March 17th. TD Securities boosted their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Finally, Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Five analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$109.50.

Wheaton Precious Metals Price Performance

TSE:WPM opened at C$120.60 on Tuesday. The firm has a market capitalization of C$38.25 billion, a price-to-earnings ratio of 62.75 and a beta of 0.70. The company’s 50-day moving average is C$114.62 and its two-hundred day moving average is C$100.49. Wheaton Precious Metals has a 1-year low of C$71.18 and a 1-year high of C$129.87.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 10th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals’s dividend payout ratio is currently 43.71%.

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.