Wheaton Precious Metals (TSE:WPM) Sets New 52-Week High – What’s Next?

Shares of Wheaton Precious Metals Corp. (TSE:WPM) hit a new 52-week high during trading on Friday . The stock traded as high as C$165.81 and last traded at C$165.18, with a volume of 944133 shares. The stock had previously closed at C$159.04.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective on the stock in a report on Wednesday, December 10th. Peel Hunt lifted their target price on Wheaton Precious Metals from C$162.00 to C$165.00 in a research note on Wednesday, November 12th. Finally, CIBC boosted their target price on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of C$134.43.

Wheaton Precious Metals Stock Performance

The company has a 50-day moving average price of C$146.22 and a 200-day moving average price of C$137.76. The firm has a market capitalization of C$75.11 billion, a P/E ratio of 75.10 and a beta of 0.94.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.62 EPS for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%.The business had revenue of C$663.15 million during the quarter. Equities analysts predict that Wheaton Precious Metals Corp. will post 2.4749013 EPS for the current 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 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 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.