Wheaton Precious Metals Corp. (NYSE:WPM) Receives $86.90 Average PT from Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) have been given an average recommendation of "Buy" by the twelve analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $86.90.

Several research analysts have recently weighed in on the company. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target for the company. CIBC upped their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. UBS Group increased their target price 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 raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Scotiabank raised their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th.

Wheaton Precious Metals Trading Up 1.2%

WPM stock traded up $1.07 during trading hours on Friday, hitting $90.25. 1,469,318 shares of the stock were exchanged, compared to its average volume of 1,688,227. Wheaton Precious Metals has a 12 month low of $51.96 and a 12 month high of $95.23. The company has a 50-day simple moving average of $85.49 and a two-hundred day simple moving average of $72.90. The firm has a market capitalization of $40.97 billion, a P/E ratio of 66.36, a P/E/G ratio of 2.76 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS 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 quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, equities research analysts predict that Wheaton Precious Metals will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.73%. 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 modified their holdings of WPM. NBT Bank N A NY raised its holdings in shares of Wheaton Precious Metals by 129.3% in the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the first quarter worth $38,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Wheaton Precious Metals in the first quarter valued at approximately $49,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Wheaton Precious Metals in the 1st quarter valued at $52,000. Institutional investors and hedge funds 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.