Wheaton Precious Metals (TSE:WPM) Upgraded at UBS Group

UBS Group upgraded shares of Wheaton Precious Metals (TSE:WPM) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on WPM. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Eight Capital raised their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Stifel Nicolaus upped their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Finally, National Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$97.67.

Wheaton Precious Metals Stock Performance

WPM opened at C$87.40 on Monday. The stock has a market capitalization of C$39.65 billion, a price-to-earnings ratio of 50.52 and a beta of 0.70. The company has a fifty day moving average of C$86.23 and a 200 day moving average of C$80.61. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, December 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 48.55%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.