Wheaton Precious Metals - WPM Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WPM shares.
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6 equities research analysts have issued 12 month target prices for Wheaton Precious Metals' stock. Their WPM share price forecasts range from $38.00 to $68.00. On average, they predict the company's share price to reach $53.94 in the next twelve months. This suggests a possible upside of 59.0% from the stock's current price.
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Wheaton Precious Metals' stock was trading at $42.93 at the beginning of the year. Since then, WPM shares have decreased by 21.0% and is now trading at $33.93.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Wheaton Precious Metals Corp. (NYSE:WPM) announced its earnings results on Thursday, November, 4th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by $0.03. The business had revenue of $268.96 million for the quarter, compared to the consensus estimate of $305.30 million. Wheaton Precious Metals had a net margin of 63.36% and a trailing twelve-month return on equity of 9.30%. The company's quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share.

Wheaton Precious Metals declared a quarterly dividend on Thursday, August 11th. Shareholders of record on Friday, August 26th will be given a dividend of $0.15 per share on Thursday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, September 7th.
Read our dividend analysis for WPM.

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.76%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 44.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Rogers Communications (RCI), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).

Wheaton Precious Metals trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPM."

Wheaton Precious Metals' stock is owned by many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (4.16%), FMR LLC (3.14%), Massachusetts Financial Services Co. MA (1.40%), Connor Clark & Lunn Investment Management Ltd. (1.08%), Vaughan Nelson Investment Management L.P. (1.03%) and Bank of Nova Scotia (0.84%).

Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WPM stock can currently be purchased for approximately $33.93.

Wheaton Precious Metals (NYSE:WPM) has a market capitalization of $15.33 billion and generates $1.20 billion in revenue each year. The company earns $754.89 million in net income (profit) each year or $1.63 on an earnings per share basis.

Wheaton Precious Metals' mailing address is 1021 WEST HASTINGS STREEET SUITE 3500, VANCOUVER A1, V6E 0C3. The official website for the company is www.wheatonpm.com. The company can be reached via phone at (604) 684-9648, via email at info@silverwheaton.com, or via fax at 604-684-3123.