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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$134.43.

WPM has been the topic of several research reports. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 target price on the stock in a report on Wednesday, December 10th. Canaccord Genuity Group raised their price target on Wheaton Precious Metals from C$144.00 to C$172.00 in a report on Thursday, October 2nd. Finally, Peel Hunt lifted their price objective on Wheaton Precious Metals from C$162.00 to C$165.00 in a research note on Wednesday, November 12th.

Wheaton Precious Metals Stock Performance

WPM stock opened at C$195.88 on Friday. The company’s fifty day moving average price is C$160.82 and its 200-day moving average price is C$145.97. Wheaton Precious Metals has a one year low of C$83.16 and a one year high of C$196.93. The company has a market capitalization of C$88.93 billion, a PE ratio of 88.92 and a beta of 1.01.

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

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals’s payout ratio is currently 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.