Wheaton Precious Metals (TSE:WPM) Given New C$240.00 Price Target at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM) had its target price raised by Stifel Nicolaus from C$205.00 to C$240.00 in a report issued on Tuesday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on WPM. Peel Hunt lifted their price objective on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price on the stock in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$159.29.

Wheaton Precious Metals Stock Up 1.3%

WPM opened at C$196.03 on Tuesday. The business has a fifty day moving average of C$174.78 and a 200 day moving average of C$153.24. The stock has a market cap of C$89.00 billion, a P/E ratio of 88.98 and a beta of 0.96. Wheaton Precious Metals has a 52-week low of C$95.20 and a 52-week high of C$214.41.

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

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were issued a $0.165 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.3%. Wheaton Precious Metals’s payout ratio is currently 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.