Analysts Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$199.00

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$194.62.

Several brokerages have recently commented on WPM. BMO Capital Markets increased their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. National Bank Financial lifted their price target on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Peel Hunt cut their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th.

Wheaton Precious Metals Stock Performance

Shares of TSE:WPM opened at C$185.75 on Tuesday. The firm has a market capitalization of C$84.36 billion, a PE ratio of 41.20 and a beta of 1.39. Wheaton Precious Metals has a 52-week low of C$126.12 and a 52-week high of C$226.68. The firm has a fifty day moving average of C$162.00 and a 200 day moving average of C$180.74.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 earnings per share for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.The business had revenue of C$1.32 billion for the quarter. On average, sell-side analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is currently 15.97%.

Insider Transactions at Wheaton Precious Metals

In related news, insider Vincent Chun Yip Lau acquired 225 shares of Wheaton Precious Metals stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of C$176.85 per share, with a total value of C$39,791.25. Following the completion of the purchase, the insider owned 1,065 shares of the company’s stock, valued at C$188,345.25. This represents a 26.79% increase in their ownership of the stock. 0.13% of the stock is currently owned by insiders.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.