Wheaton Precious Metals Corp. (TSE:WPM) Receives Average Recommendation of “Buy” from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus rating of “Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$134.43.

Several brokerages have recently issued reports on WPM. Peel Hunt boosted their price target on shares of Wheaton Precious Metals from C$162.00 to C$165.00 in a report on Wednesday, November 12th. Canaccord Genuity Group boosted their target price on Wheaton Precious Metals from C$144.00 to C$172.00 in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price target on the stock in a research report on Wednesday, December 10th.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$198.25 on Friday. The firm’s 50 day moving average price is C$162.61 and its two-hundred day moving average price is C$146.64. The stock has a market cap of C$90.01 billion, a PE ratio of 89.99 and a beta of 1.01. Wheaton Precious Metals has a 52-week low of C$83.16 and a 52-week high of C$200.42.

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 firm had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%. As a group, sell-side analysts predict that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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