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

Wheaton Precious Metals Corp. (TSE:WPM) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$205.63.

A number of research firms have weighed in on WPM. Canaccord Genuity Group boosted their price objective on Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. UBS Group raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. TD Securities boosted their price objective on Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Peel Hunt boosted their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. Finally, BMO Capital Markets boosted their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd.

Insider Activity at Wheaton Precious Metals

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

Wheaton Precious Metals Stock Performance

TSE WPM opened at C$184.47 on Thursday. The stock’s fifty day moving average is C$184.73 and its two-hundred day moving average is C$178.93. The firm has a market capitalization of C$83.77 billion, a P/E ratio of 46.62 and a beta of 1.38. Wheaton Precious Metals has a fifty-two week low of C$116.42 and a fifty-two week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Thursday, May 7th. The company reported C$1.78 earnings per share for the quarter. The company had revenue of C$1.25 billion for the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%. As a group, sell-side analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is 17.44%.

Wheaton Precious Metals Company Profile

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.