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

Wheaton Precious Metals (TSE:WPM) had its target price lifted by Peel Hunt from C$165.00 to C$240.00 in a report released on Monday morning,BayStreet.CA reports.

Separately, Royal Bank Of Canada upgraded 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 report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of C$145.14.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$180.59 on Monday. The business’s 50-day moving average is C$170.16 and its 200-day moving average is C$150.63. The company has a market capitalization of C$81.99 billion, a price-to-earnings ratio of 81.97 and a beta of 1.01. Wheaton Precious Metals has a fifty-two week low of C$90.72 and a fifty-two week high of C$214.41.

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

Wheaton Precious Metals Announces Dividend

The firm 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 0.4%. The ex-dividend date of this dividend was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is presently 29.51%.

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. 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.