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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$97.67.

Several research firms have issued reports on WPM. Stifel Nicolaus upped their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a research report on Monday, November 18th. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th.

Wheaton Precious Metals Stock Down 1.0 %

WPM stock opened at C$91.64 on Friday. The business has a 50 day moving average price of C$85.09 and a 200 day moving average price of C$84.48. The stock has a market cap of C$41.57 billion, a price-to-earnings ratio of 52.97 and a beta of 0.70. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share for the quarter, hitting the consensus estimate of C$0.47. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, sell-side analysts anticipate that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, December 6th were paid a $0.21 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.92%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 48.55%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.