Silver Wheaton Corp (WPM) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Silver Wheaton Corp (NYSE:WPM) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

According to Zacks, “Wheaton Precious Metals Corp. operates as a silver and gold streaming company. Wheaton Precious Metals Corp, formerly known as Silver Wheaton Corp, is headquartered in Vancouver, Canada. “

A number of other research firms have also weighed in on WPM. Raymond James Financial, Inc. reissued an outperform rating and issued a $27.00 target price on shares of Silver Wheaton Corp in a research note on Sunday, June 18th. Royal Bank Of Canada set a $27.00 target price on Silver Wheaton Corp and gave the company a buy rating in a research note on Monday.

Silver Wheaton Corp (NYSE WPM) traded up 1.30% during trading on Thursday, reaching $20.19. The company’s stock had a trading volume of 703,761 shares. The stock has a 50-day moving average price of $20.19 and a 200 day moving average price of $20.33. Silver Wheaton Corp has a 52-week low of $16.94 and a 52-week high of $31.35. The company has a market cap of $8.92 billion, a PE ratio of 41.29 and a beta of 0.42.

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The business also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Thursday, May 25th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, May 23rd. Silver Wheaton Corp’s dividend payout ratio (DPR) is presently 57.14%.

Silver Wheaton Corp Company Profile

Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.

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