Wheaton Precious Metals Corp. (NYSE:WPM) Given Consensus Recommendation of "Buy" by Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) have received a consensus rating of "Buy" from the eleven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $93.00.

A number of equities research analysts recently weighed in on WPM shares. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. UBS Group boosted their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Raymond James Financial raised their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. Finally, BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target on the stock.

Wheaton Precious Metals Stock Up 0.5%

Shares of NYSE WPM opened at $91.44 on Tuesday. The company has a market capitalization of $41.51 billion, a PE ratio of 67.23, a PEG ratio of 2.68 and a beta of 0.46. Wheaton Precious Metals has a twelve month low of $53.05 and a twelve month high of $95.23. The stock's 50 day moving average price is $87.39 and its 200-day moving average price is $75.87.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $470.41 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, research analysts expect that Wheaton Precious Metals will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC grew its position in shares of Wheaton Precious Metals by 4.1% during the 4th quarter. Proficio Capital Partners LLC now owns 8,640 shares of the company's stock worth $486,000 after buying an additional 340 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $20,790,000. Farther Finance Advisors LLC increased its position in shares of Wheaton Precious Metals by 62.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,964 shares of the company's stock valued at $167,000 after acquiring an additional 1,139 shares during the period. Signaturefd LLC boosted its position in Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after buying an additional 178 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its position in Wheaton Precious Metals by 6.4% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,931,246 shares of the company's stock valued at $164,853,000 after purchasing an additional 177,071 shares during the period. Institutional investors own 70.34% of the company's stock.

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.

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