Wheaton Precious Metals Corp. (TSE:WPM) Given Consensus Rating of “Buy” by Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$135.17.

Several analysts have recently issued reports on WPM shares. UBS Group downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Peel Hunt boosted their target price on Wheaton Precious Metals from C$162.00 to C$165.00 in a report on Wednesday, November 12th. CIBC upped their target price on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd.

Wheaton Precious Metals Stock Up 3.7%

Shares of WPM opened at C$149.96 on Thursday. The firm has a market cap of C$68.08 billion, a price-to-earnings ratio of 68.07 and a beta of 1.02. The company’s fifty day moving average is C$145.01 and its 200-day moving average is C$133.49. Wheaton Precious Metals has a 12 month low of C$79.88 and a 12 month high of C$160.44.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.62 earnings per share (EPS) for the quarter. The firm had revenue of C$663.15 million during the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. As a group, research analysts predict that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, December 4th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 29.51%.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.