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

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$134.43.

WPM has been the topic of a number of analyst reports. 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. Royal Bank Of Canada raised shares of 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. CIBC lifted their price objective on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, Canaccord Genuity Group upped their target price on Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd.

Wheaton Precious Metals Trading Down 1.1%

TSE WPM opened at C$166.29 on Monday. The firm has a market capitalization of C$75.50 billion, a PE ratio of 75.48 and a beta of 0.94. The business’s 50-day moving average price is C$148.06 and its two-hundred day moving average price is C$139.52. Wheaton Precious Metals has a 12 month low of C$79.88 and a 12 month high of C$170.16.

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

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio (DPR) 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.