Wheaton Precious Metals Corp. (TSE:WPM) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analysts are upbeat on Wheaton Precious Metals, with eight covering analysts giving the stock an average rating of “Buy.” The consensus 12-month target price is C$205.62.
• Several firms recently raised their outlooks, including Stifel Nicolaus and BMO Capital Markets, both lifting price targets to C$250, while UBS Group upgraded the stock to strong-buy.
• The company reported C$1.78 EPS and C$1.25 billion in revenue for the latest quarter, and it also paid a quarterly dividend of C$0.195 per share, equal to a 0.5% annualized yield.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) has earned an average rating of "Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$205.62.

A number of research firms have weighed in on WPM. Stifel Nicolaus increased their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. UBS Group raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Friday, March 27th. TD Securities upped their price target on Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a "buy" rating in a research note on Monday, March 16th. BMO Capital Markets increased their price target on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. Finally, National Bank Financial lifted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an "outperform" rating in a research report on Monday, March 16th.

Get WPM SMS alerts:

Sign Up

Wheaton Precious Metals Stock Performance

Shares of TSE:WPM opened at C$156.83 on Friday. Wheaton Precious Metals has a one year low of C$120.60 and a one year high of C$226.68. The stock has a market capitalization of C$71.22 billion, a price-to-earnings ratio of 39.63 and a beta of 1.40. The company has a 50-day simple moving average of C$171.85 and a 200-day simple moving average of C$182.97.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share (EPS) for the quarter. The firm had revenue of C$1.25 billion for the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%. As a group, research analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. Wheaton Precious Metals's dividend payout ratio is presently 17.44%.

Insider Activity at Wheaton Precious Metals

In other news, insider Vincent Chun Yip Lau acquired 225 shares of Wheaton Precious Metals stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of C$176.85 per share, for a total transaction of C$39,791.25. Following the completion of the transaction, the insider directly owned 1,065 shares in the company, valued at approximately C$188,345.25. This trade represents a 26.79% increase in their ownership of the stock. Company insiders own 0.13% of the company's stock.

Wheaton Precious Metals Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.