Wheaton Precious Metals Stock Forecast, Price & News

Wheaton Precious Metals' stock was trading at $27.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WPM stock has increased by 45.4% and is now trading at $40.31.
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13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Wheaton Precious Metals stock.
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Wheaton Precious Metals is scheduled to release its next quarterly earnings announcement on Wednesday, March 10th 2021.
View our earnings forecast for Wheaton Precious Metals.

Wheaton Precious Metals Corp. (NYSE:WPM) released its quarterly earnings results on Monday, November, 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business earned $307.27 million during the quarter, compared to analyst estimates of $297 million. Wheaton Precious Metals had a net margin of 37.30% and a trailing twelve-month return on equity of 6.50%. Wheaton Precious Metals's revenue was up 37.4% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS.
View Wheaton Precious Metals' earnings history.

Wheaton Precious Metals declared a quarterly dividend on Monday, November 9th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.12 per share on Thursday, December 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 24th. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.10.
View Wheaton Precious Metals' dividend history.

Wheaton Precious Metals pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.19%. The dividend payout ratio of Wheaton Precious Metals is 85.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Wheaton Precious Metals will have a dividend payout ratio of 32.00% next year. This indicates that Wheaton Precious Metals will be able to sustain or increase its dividend.
View Wheaton Precious Metals' dividend history.

13 equities research analysts have issued 12-month target prices for Wheaton Precious Metals' shares. Their forecasts range from $35.00 to $84.00. On average, they expect Wheaton Precious Metals' stock price to reach $55.60 in the next year. This suggests a possible upside of 37.9% from the stock's current price.
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Some companies that are related to Wheaton Precious Metals include Barrick Gold Co. (ABX.TO) (ABX), Newmont (NEM), Barrick Gold (GOLD), Franco-Nevada (FNV), Agnico Eagle Mines (AEM), Sibanye Stillwater (SBSW), Kirkland Lake Gold (KL), AngloGold Ashanti (AU), Kinross Gold (KGC), Gold Fields (GFI), Pan American Silver (PAAS), B2Gold (BTG), Yamana Gold (AUY), Alamos Gold (AGI) and First Majestic Silver (AG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Wheaton Precious Metals investors own include Intact Financial Co. (IFC.TO) (IFC), Constellation Software Inc. (CSU.TO) (CSU), AutoCanada Inc. (ACQ.TO) (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy Inc. (VET.TO) (VET), Rogers Communications (RCI), Open Text Co. (OTEX.TO) (OTEX), Valeant Pharmaceuticals International, Inc. (VRX.TO) (VRX) and The Toronto-Dominion Bank (TD.TO) (TD).

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

Wheaton Precious Metals' stock is owned by a variety of retail and institutional investors. Top institutional investors include Dudley & Shanley Inc. (0.34%), Addenda Capital Inc. (0.13%), BTR Capital Management Inc. (0.02%), Centre Asset Management LLC (0.01%), Crossmark Global Holdings Inc. (0.01%) and Hexavest Inc. (0.01%).

WPM stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Sicart Associates LLC, Janney Montgomery Scott LLC, IFP Advisors Inc, NuWave Investment Management LLC, Callahan Advisors LLC, We Are One Seven LLC, and JustInvest LLC.

WPM stock was purchased by a variety of institutional investors in the last quarter, including Addenda Capital Inc., BTR Capital Management Inc., Centre Asset Management LLC, Dudley & Shanley Inc., Cypress Wealth Services LLC, Kestra Advisory Services LLC, Candriam Luxembourg S.C.A., and V Wealth Advisors LLC.

Shares of WPM 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.

One share of WPM stock can currently be purchased for approximately $40.31.

Wheaton Precious Metals has a market capitalization of $18.12 billion and generates $861.33 million in revenue each year. The company earns $86.14 million in net income (profit) each year or $0.56 on an earnings per share basis. Wheaton Precious Metals employs 39 workers across the globe.

The official website for Wheaton Precious Metals is www.wheatonpm.com.

Wheaton Precious Metals' mailing address is 1021 WEST HASTINGS STREEET SUITE 3500, VANCOUVER A1, V6E 0C3. The company can be reached via phone at 604-684-9648 or via email at [email protected]