Wheaton Precious Metals Corp. (NYSE:WPM) Receives $71.67 Consensus PT from Brokerages

Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $71.67.

Several equities analysts recently commented on the company. TD Securities increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. Scotiabank increased their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Stifel Canada cut shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, UBS Group began coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a "buy" rating and a $78.00 price target on the stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company's stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the period. Canoe Financial LP bought a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at about $113,017,000. AMF Tjanstepension AB lifted its stake in Wheaton Precious Metals by 593.5% in the second quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company's stock worth $84,388,000 after purchasing an additional 1,376,231 shares during the last quarter. Barings LLC purchased a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $65,405,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Wheaton Precious Metals by 1,865.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company's stock worth $76,061,000 after buying an additional 1,182,156 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Down 1.4 %

Shares of WPM stock traded down $0.85 during trading hours on Monday, reaching $61.48. 975,172 shares of the stock were exchanged, compared to its average volume of 1,781,987. The company's 50-day moving average price is $62.99 and its 200-day moving average price is $59.43. Wheaton Precious Metals has a 12-month low of $38.57 and a 12-month high of $68.64. The firm has a market capitalization of $27.89 billion, a price-to-earnings ratio of 46.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, sell-side analysts expect that Wheaton Precious Metals will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 46.27%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.