Wheaton Precious Metals Corp. (NYSE:WPM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $71.67.

Several research analysts have commented on the stock. TD Securities boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of WPM. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals during the second quarter worth about $31,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. GAMMA Investing LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $41,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Wheaton Precious Metals during the 2nd quarter worth approximately $47,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 0.4 %

Shares of NYSE WPM opened at $57.74 on Tuesday. The stock has a market capitalization of $26.19 billion, a PE ratio of 43.09, a PEG ratio of 1.28 and a beta of 0.76. Wheaton Precious Metals has a twelve month low of $38.57 and a twelve month high of $68.64. The stock has a fifty day simple moving average of $59.45 and a 200-day simple moving average of $60.52.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter last year, the firm posted $0.27 earnings per share. On average, equities analysts predict that Wheaton Precious Metals will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.07%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Wheaton Precious Metals Company Profile

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.