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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$159.29.

Several equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Wheaton Precious Metals from C$205.00 to C$240.00 in a research note on Tuesday, February 10th. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price for the company in a research report on Wednesday, December 10th. Finally, Peel Hunt raised their price target on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd.

Wheaton Precious Metals Stock Performance

WPM opened at C$198.68 on Tuesday. Wheaton Precious Metals has a fifty-two week low of C$95.38 and a fifty-two week high of C$214.41. The company has a market capitalization of C$90.20 billion, a P/E ratio of 90.19 and a beta of 0.96. The stock has a fifty day moving average of C$177.54 and a 200-day moving average of C$154.51.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.62 earnings per share for the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. The business had revenue of C$663.15 million during the quarter. On average, equities research 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 announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a $0.165 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.3%. Wheaton Precious Metals’s payout ratio is presently 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.