Wheaton Precious Metals Corp. (TSE:WPM) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have received a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$194.62.

A number of research firms have recently weighed in on WPM. National Bank Financial boosted their target price on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Peel Hunt lowered their price objective on Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at C$214.42 on Friday. The firm has a market cap of C$97.38 billion, a P/E ratio of 47.56 and a beta of 1.61. The firm has a 50 day simple moving average of C$176.46 and a 200 day simple moving average of C$182.26. Wheaton Precious Metals has a fifty-two week low of C$129.69 and a fifty-two week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. The firm had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%. On average, sell-side analysts expect that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were given a dividend of $0.195 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals’s payout ratio is currently 15.97%.

Insider Activity at Wheaton Precious Metals

In related news, insider Nikola Tatarkin sold 3,733 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the completion of the sale, the insider directly owned 30,756 shares of the company’s stock, valued at C$5,812,884. The trade was a 10.82% decrease in their ownership of the stock. 0.13% of the stock is currently owned by corporate insiders.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.