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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$134.43.

Several analysts recently commented on WPM shares. Canaccord Genuity Group increased their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd. Peel Hunt raised their price target on shares of Wheaton Precious Metals from C$162.00 to C$165.00 in a research report on Wednesday, November 12th. Finally, Royal Bank Of Canada raised Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective on the stock in a research report on Wednesday, December 10th.

Wheaton Precious Metals Stock Up 1.8%

Wheaton Precious Metals stock opened at C$188.27 on Friday. The stock’s 50 day moving average is C$157.88 and its 200 day moving average is C$144.21. The company has a market capitalization of C$85.48 billion, a P/E ratio of 85.46 and a beta of 1.01. Wheaton Precious Metals has a twelve month low of C$81.85 and a twelve month high of C$188.35.

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

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were paid a $0.165 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals’s payout ratio is currently 29.51%.

Wheaton Precious Metals Company Profile

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. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.