Wheaton Precious Metals Corp. (TSE:WPM) Stock Has Average Target Price of C$203.86

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been assigned an average rating of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$203.86.

A number of research firms recently issued reports on WPM. National Bank Financial upped their price objective on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Peel Hunt cut 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.

Insiders Place Their Bets

In other Wheaton Precious Metals news, insider Nikola Tatarkin sold 3,733 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total value of C$705,537.00. Following the transaction, the insider owned 30,756 shares of the company’s stock, valued at approximately C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. Corporate insiders own 0.13% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$184.56 on Friday. The company has a market capitalization of C$83.82 billion, a price-to-earnings ratio of 40.94 and a beta of 1.59. Wheaton Precious Metals has a fifty-two week low of C$129.69 and a fifty-two week high of C$226.68. The business’s 50-day moving average is C$202.15 and its 200-day moving average is C$183.64.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%. The firm had revenue of C$1.32 billion during the quarter. Equities research analysts expect that Wheaton Precious Metals will post 2.47 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were given a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio is 15.97%.

Wheaton Precious Metals Company Profile

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.