Wheaton Precious Metals (WPM) Stock Price, News & Analysis

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WPM shares.
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12 brokerages have issued 1 year price targets for Wheaton Precious Metals' stock. Their WPM share price targets range from $37.00 to $70.00. On average, they predict the company's share price to reach $53.10 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
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Wheaton Precious Metals' stock was trading at $49.34 at the beginning of the year. Since then, WPM shares have increased by 7.0% and is now trading at $52.78.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Wheaton Precious Metals will be holding an earnings conference call on Friday, May 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8677 with passcode "432661#".

Wheaton Precious Metals Corp. (NYSE:WPM) issued its earnings results on Thursday, March, 14th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The company earned $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a trailing twelve-month return on equity of 7.76%.

Wheaton Precious Metals declared a quarterly dividend on Thursday, March 14th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.155 per share on Monday, April 15th. This represents a $0.62 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for WPM.

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.62 per share and currently has a dividend yield of 1.18%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 52.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 44.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

ETFs with the largest weight of Wheaton Precious Metals (NYSE:WPM) stock in their portfolio include Global X Silver Miners ETF (SIL), U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), VanEck Gold Miners ETF (GDX), Horizon Kinetics Inflation Beneficiaries ETF (INFL), Amplify Junior Silver Miners ETF (SILJ), iShares MSCI Global Gold Miners ETF (RING), iShares MSCI Global Silver and Metals Miners ETF (SLVP) and SPDR S&P North American Natural Resources ETF (NANR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).

Wheaton Precious Metals' stock is owned by a number of institutional and retail investors. Top institutional investors include Dixon Mitchell Investment Counsel Inc. (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Addenda Capital Inc. (0.19%), Douglas Lane & Associates LLC (0.11%), Allspring Global Investments Holdings LLC (0.08%) and Global Assets Advisory LLC (0.03%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin and Randy Smallwood.
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Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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