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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus rating of “Buy” by the seven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$97.67.

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

Wheaton Precious Metals Stock Up 4.9 %

Shares of WPM stock opened at C$91.42 on Friday. The firm has a market capitalization of C$41.47 billion, a price-to-earnings ratio of 52.84 and a beta of 0.70. The stock has a fifty day moving average of C$84.85 and a 200 day moving average of C$84.26. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same period in the prior year, the business earned $0.36 earnings per share. Equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Cuts Dividend

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

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.