UBS Group Analysts Give Wheaton Precious Metals (NYSE:WPM) a $106.00 Price Target

UBS Group set a $106.00 target price on Wheaton Precious Metals (NYSE:WPM) in a report released on Monday morning, MarketBeat.com reports. The firm currently has a neutral rating on the stock.

WPM has been the subject of a number of other reports. Berenberg Bank increased their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. CIBC reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Royal Bank Of Canada raised their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a report on Monday, April 14th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.33.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $95.11 on Monday. Wheaton Precious Metals has a 52 week low of $55.47 and a 52 week high of $103.81. The firm has a 50-day moving average price of $91.79 and a two-hundred day moving average price of $81.39. The firm has a market cap of $43.18 billion, a price-to-earnings ratio of 54.98, a price-to-earnings-growth ratio of 2.68 and a beta of 0.39.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same period in the prior year, the firm earned $0.33 EPS. The company’s revenue was up 68.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Wheaton Precious Metals will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 38.15%.

Institutional Trading of Wheaton Precious Metals

Several institutional investors and hedge funds have recently made changes to their positions in WPM. Bulwark Capital Corp purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $27,000. Delta Asset Management LLC TN purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $27,000. NBT Bank N A NY raised its position in shares of Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $38,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.