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

Wheaton Precious Metals Corp. (TSE:WPM) has received an average rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$145.14.

Several research analysts recently commented on WPM shares. Peel Hunt boosted their target price on Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. 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.

Wheaton Precious Metals Stock Up 4.1%

Shares of WPM opened at C$193.60 on Tuesday. The company has a market cap of C$87.90 billion, a P/E ratio of 87.88 and a beta of 0.96. Wheaton Precious Metals has a fifty-two week low of C$95.20 and a fifty-two week high of C$214.41. The firm’s 50 day moving average price is C$173.87 and its 200 day moving average price is C$152.76.

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

Wheaton Precious Metals Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.3%. The ex-dividend date 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.