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

Wheaton Precious Metals (TSE:WPM) had its price objective hoisted by Canaccord Genuity Group from C$144.00 to C$172.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. CIBC upped their price objective on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, Peel Hunt boosted their target price on shares of Wheaton Precious Metals from C$149.00 to C$161.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Three 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$134.50.

Wheaton Precious Metals Trading Down 1.4%

Shares of TSE:WPM opened at C$153.32 on Thursday. The stock has a market capitalization of C$69.60 billion, a PE ratio of 88.32 and a beta of 0.70. Wheaton Precious Metals has a 1 year low of C$79.88 and a 1 year high of C$158.88. The firm has a fifty day moving average price of C$138.98 and a 200 day moving average price of C$124.53.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were given a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 36.87%.

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.