Wheaton Precious Metals (TSE:WPM) Hits New 1-Year High – Here’s What Happened

Shares of Wheaton Precious Metals Corp. (TSE:WPM) reached a new 52-week high on Monday . The company traded as high as C$180.37 and last traded at C$178.70, with a volume of 273475 shares. The stock had previously closed at C$173.79.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price target on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research note on Thursday, October 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 note on Wednesday, December 10th. Finally, Peel Hunt upped their price objective on shares of Wheaton Precious Metals from C$162.00 to C$165.00 in a research note on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$134.43.

Wheaton Precious Metals Trading Up 2.6%

The business’s 50-day simple moving average is C$154.89 and its 200-day simple moving average is C$143.18. The company has a market cap of C$80.99 billion, a PE ratio of 80.98 and a beta of 1.01.

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

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were paid a $0.165 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.4%. 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.