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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$192.59 and last traded at C$191.64, with a volume of 108209 shares trading hands. The stock had previously closed at C$188.28.

Analyst Ratings Changes

WPM has been the topic of several research analyst reports. Peel Hunt raised their price objective on Wheaton Precious Metals from C$162.00 to C$165.00 in a research note on Wednesday, November 12th. Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price target on the stock in a research report on Wednesday, December 10th. Finally, Canaccord Genuity Group lifted their price objective on Wheaton Precious Metals from C$144.00 to C$172.00 in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$134.43.

Wheaton Precious Metals Trading Up 2.4%

The stock has a market cap of C$88.93 billion, a price-to-earnings ratio of 88.92 and a beta of 1.01. The company has a 50 day simple moving average of C$160.82 and a 200-day simple moving average of C$145.97.

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

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend 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.