Wheaton Precious Metals Corp. (TSE:WPM) Given Average Rating of "Buy" by Brokerages

Key Points

• Wheaton Precious Metals has an average “Buy” rating from eight analysts: seven recommend buying and one gives a strong-buy rating. The average 12-month price target is C$194.62.
• Recent analyst views were mixed, with National Bank Financial raising its target to C$210 while Peel Hunt cut its target to C$187.
• The company reported quarterly EPS of C$1.69 on C$1.32 billion in revenue and announced a quarterly dividend of $0.195 per share, equal to a 0.4% yield.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has earned an average recommendation of "Buy" from the eight research firms that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$194.62.

Several research firms recently issued reports on WPM. National Bank Financial lifted their price objective on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Peel Hunt lowered their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th.

Wheaton Precious Metals Stock Down 2.6%

WPM opened at C$213.27 on Friday. The company has a market cap of C$96.86 billion, a price-to-earnings ratio of 47.31 and a beta of 1.39. Wheaton Precious Metals has a 52-week low of C$129.69 and a 52-week high of C$226.68. The firm's fifty day simple moving average is C$171.85 and its two-hundred day simple moving average is C$181.77.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. The business had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%. On average, research analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals's payout ratio is 15.97%.

Insider Activity

In other news, insider Nikola Tatarkin sold 3,733 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the completion of the sale, the insider owned 30,756 shares of the company's stock, valued at C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. 0.13% of the stock is owned by insiders.

About Wheaton Precious Metals

Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.

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