Shares of Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) have received an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$199.00.
A number of analysts have weighed in on the stock. Peel Hunt decreased their target price on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. BMO Capital Markets boosted their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th.
Check Out Our Latest Stock Analysis on Wheaton Precious Metals
Insider Buying and Selling
Wheaton Precious Metals Trading Up 1.9%
Shares of WPM stock opened at C$175.79 on Tuesday. The stock has a market cap of C$79.83 billion, a price-to-earnings ratio of 44.43 and a beta of 1.39. The stock has a 50-day moving average of C$161.81 and a 200-day moving average of C$180.84. Wheaton Precious Metals has a 1-year low of C$126.12 and a 1-year high of C$226.68.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. The company had revenue of C$1.32 billion during the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%. Sell-side analysts forecast that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.
Wheaton Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, June 9th were issued a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is presently 17.44%.
About Wheaton Precious Metals
Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.
Featured Stories
- Five stocks we like better than Wheaton Precious Metals
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.
