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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$134.43.

WPM has been the subject of several analyst reports. CIBC increased their price objective on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Peel Hunt upped their price target on Wheaton Precious Metals from C$162.00 to C$165.00 in a research note on Wednesday, November 12th. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective for the company in a research report on Wednesday, December 10th. Finally, Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a report on Thursday, October 2nd.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at C$164.88 on Monday. The company has a market capitalization of C$74.86 billion, a PE ratio of 74.84 and a beta of 0.94. The firm’s 50-day moving average is C$146.57 and its two-hundred day moving average is C$138.20. Wheaton Precious Metals has a 12 month low of C$79.88 and a 12 month high of C$165.98.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.62 earnings per share for the quarter. The business had revenue of C$663.15 million during the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. Sell-side analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, November 20th. Wheaton Precious Metals’s payout ratio is 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.