Wheaton Precious Metals Corp. (TSE:WPM) Receives Average Rating of "Buy" from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) have received an average rating of "Buy" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$97.67.

WPM has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. National Bankshares upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$90.00 to C$105.00 in a report on Thursday, October 10th. Finally, UBS Group upgraded Wheaton Precious Metals to a "strong-buy" rating in a report on Monday, November 18th.

Wheaton Precious Metals Stock Up 2.0 %

TSE:WPM traded up C$1.85 on Friday, hitting C$92.53. The stock had a trading volume of 891,613 shares, compared to its average volume of 536,990. The business's 50-day simple moving average is C$84.89 and its two-hundred day simple moving average is C$84.35. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$94.84. The stock has a market cap of C$41.98 billion, a price-to-earnings ratio of 53.49 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 EPS for the quarter, hitting the consensus estimate of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same period in the prior year, the company earned $0.36 EPS. As a group, equities research analysts anticipate that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.55%.

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.