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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given an average recommendation of “Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$205.63.

WPM has been the topic of several analyst reports. National Bank Financial upped their price objective on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. Stifel Nicolaus increased their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. BMO Capital Markets lifted their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. Finally, TD Securities boosted their price target on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research report on Monday, March 16th.

Wheaton Precious Metals Stock Performance

Shares of TSE WPM opened at C$162.32 on Monday. The firm has a market capitalization of C$73.71 billion, a price-to-earnings ratio of 41.02 and a beta of 1.27. Wheaton Precious Metals has a one year low of C$117.13 and a one year high of C$226.68. The business has a fifty day simple moving average of C$183.27 and a 200 day simple moving average of C$181.57.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share for the quarter. The firm had revenue of C$1.25 billion for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. On average, research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were paid a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. Wheaton Precious Metals’s payout ratio is 17.44%.

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 that occurred on Friday, May 15th. The shares were acquired at an average cost of C$176.85 per share, for a total transaction of C$39,791.25. Following the transaction, the insider directly owned 1,065 shares in the company, valued at approximately C$188,345.25. The trade was a 26.79% increase in their ownership of the stock. 0.13% of the stock is owned by insiders.

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.