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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$205.62.

Several equities analysts recently issued reports on the company. UBS Group raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. BMO Capital Markets raised their price target on Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus lifted their price target 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.

Insiders Place Their Bets

In other Wheaton Precious Metals news, insider Vincent Chun Yip Lau bought 225 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of C$176.85 per share, for a total transaction of C$39,791.25. Following the completion of the transaction, the insider owned 1,065 shares in the company, valued at approximately C$188,345.25. The trade was a 26.79% increase in their position. Company insiders own 0.13% of the company’s stock.

Wheaton Precious Metals Trading Down 4.0%

Shares of Wheaton Precious Metals stock opened at C$146.48 on Friday. The company has a 50-day moving average of C$169.53 and a two-hundred day moving average of C$182.45. Wheaton Precious Metals has a 12-month low of C$120.79 and a 12-month high of C$226.68. The stock has a market cap of C$66.52 billion, a PE ratio of 37.02 and a beta of 1.40.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 EPS for the quarter. The business 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%. On average, sell-side analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.44%.

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.