Wheaton Precious Metals (TSE:WPM) Reaches New 52-Week High – What’s Next?

Wheaton Precious Metals Corp. (TSE:WPM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$192.59 and last traded at C$191.64, with a volume of 108209 shares traded. The stock had previously closed at C$188.28.

Analyst Ratings Changes

A number of analysts have recently issued reports on WPM shares. Peel Hunt boosted their target price on Wheaton Precious Metals from C$162.00 to C$165.00 in a report on Wednesday, November 12th. Royal Bank Of Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective for the company in a research note on Wednesday, December 10th. Finally, Canaccord Genuity Group increased their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus target price of C$134.43.

Wheaton Precious Metals Price Performance

The firm has a market capitalization of C$87.04 billion, a price-to-earnings ratio of 87.02 and a beta of 1.01. The business’s 50-day moving average price is C$158.87 and its 200 day moving average price is C$144.99.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.62 earnings per share (EPS) for the quarter. The firm had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 29.51%.

Wheaton Precious Metals Company Profile

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. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.