Wheaton Precious Metals - WPM Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WPM shares.
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6 analysts have issued 12 month price targets for Wheaton Precious Metals' stock. Their WPM share price forecasts range from $38.00 to $68.00. On average, they expect the company's share price to reach $54.38 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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Wheaton Precious Metals' stock was trading at $39.08 at the beginning of 2023. Since then, WPM stock has increased by 20.4% and is now trading at $47.05.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Wheaton Precious Metals Corp. (NYSE:WPM) announced its earnings results on Friday, March, 10th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.01. The company earned $236.05 million during the quarter, compared to the consensus estimate of $241.70 million. Wheaton Precious Metals had a trailing twelve-month return on equity of 7.76% and a net margin of 62.83%. Wheaton Precious Metals's revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share.

Wheaton Precious Metals declared a quarterly dividend on Thursday, March 9th. Investors of record on Friday, March 24th will be paid a dividend of $0.15 per share on Thursday, April 6th. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, March 23rd.
Read our dividend analysis for WPM.

ETFs with the largest weight of Wheaton Precious Metals (NYSE:WPM) stock in their portfolio include Global X Silver Miners ETF (SIL) and Capital Group Growth ETF (CGGR).iShares MSCI ACWI Low Carbon Target ETF (CRBN).

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.31%. The dividend payout ratio is 40.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 43.48% 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 a number of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (4.60%), First Eagle Investment Management LLC (4.48%), Norges Bank (1.38%), Mirae Asset Global Investments Co. Ltd. (1.29%), Vaughan Nelson Investment Management L.P. (1.23%) and Connor Clark & Lunn Investment Management Ltd. (1.02%).

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 $47.05.

Wheaton Precious Metals (NYSE:WPM) has a market capitalization of $21.28 billion and generates $1.07 billion in revenue each year. The company earns $669.13 million in net income (profit) each year or $1.48 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.