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

Wheaton Precious Metals Corp. (TSE:WPM) has earned an average recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$134.43.

Several analysts recently commented on the company. 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 report on Wednesday, December 10th. Canaccord Genuity Group raised their target price on Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd. Finally, Peel Hunt upped their price target on shares of Wheaton Precious Metals from C$162.00 to C$165.00 in a research report on Wednesday, November 12th.

Wheaton Precious Metals Stock Up 1.8%

WPM opened at C$188.27 on Friday. The stock has a market capitalization of C$85.48 billion, a price-to-earnings ratio of 85.46 and a beta of 1.01. The firm has a 50 day moving average price of C$157.88 and a 200-day moving average price of C$144.21. Wheaton Precious Metals has a twelve month low of C$81.85 and a twelve month high of C$188.35.

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

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is currently 29.51%.

Wheaton Precious Metals Company Profile

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.