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

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have received a consensus recommendation of “Buy” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $86.90.

A number of equities analysts have weighed in on the company. UBS Group boosted their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, May 12th. BMO Capital Markets started coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 price objective on the stock. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada increased their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $91.08 on Friday. Wheaton Precious Metals has a one year low of $51.96 and a one year high of $95.23. The stock has a market capitalization of $41.34 billion, a price-to-earnings ratio of 66.97, a PEG ratio of 2.84 and a beta of 0.46. The stock has a 50 day moving average price of $85.19 and a 200 day moving average price of $72.38.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The firm’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, analysts predict that Wheaton Precious Metals will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.72%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.53%.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds have recently added to or reduced their stakes in the stock. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $32,000. NBT Bank N A NY lifted its holdings in shares of Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company’s stock valued at $32,000 after buying an additional 234 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $38,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at approximately $38,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Company Profile

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.