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Wheaton Precious Metals (TSE:WPM) Hits New 12-Month High - Time to Buy?

Wheaton Precious Metals logo with Basic Materials background

Key Points

  • Wheaton Precious Metals' stock reached a new 12-month high of C$135.75, with a trading volume of 573,747 shares on the recent trading day.
  • Analysts have raised their target prices for Wheaton Precious Metals, with Canaccord Genuity setting it at C$134.00 and Stifel Nicolaus at C$141.00, indicating a general strong-buy sentiment from multiple research firms.
  • The company has declared a quarterly dividend of $0.165, resulting in an annualized yield of 0.5%, reflecting a payout ratio of 43.71%.
  • Looking to Export and Analyze Wheaton Precious Metals Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$135.75 and last traded at C$135.35, with a volume of 573747 shares trading hands. The stock had previously closed at C$127.06.

Wall Street Analysts Forecast Growth

Several analysts have commented on WPM shares. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a research report on Tuesday, June 10th. BMO Capital Markets upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus upped their target price on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and an average target price of C$110.86.

Check Out Our Latest Analysis on WPM

Wheaton Precious Metals Trading Up 6.3%

The company has a market capitalization of C$42.82 billion, a price-to-earnings ratio of 70.26 and a beta of 0.70. The stock's 50 day moving average price is C$123.83 and its 200 day moving average price is C$111.40.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 43.71%.

Wheaton Precious Metals Company Profile

(Get Free Report)

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.

See Also

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