Wheaton Precious Metals Corp. (TSE:WPM) Stock Has Average Target Price of C$203.86

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been assigned a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Five investment 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 objective among brokers that have updated their coverage on the stock in the last year is C$203.86.

WPM has been the topic of several recent analyst reports. National Bank Financial lifted their target price on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Peel Hunt decreased their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th.

Wheaton Precious Metals Trading Down 0.1%

Shares of TSE:WPM opened at C$191.82 on Wednesday. The firm’s 50 day moving average is C$194.16 and its two-hundred day moving average is C$182.11. The firm has a market capitalization of C$87.12 billion, a P/E ratio of 42.55 and a beta of 1.61. Wheaton Precious Metals has a 52 week low of C$129.69 and a 52 week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.The business had revenue of C$1.32 billion during the quarter. Analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were issued a $0.1950 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio is presently 15.97%.

Insiders Place Their Bets

In related news, insider Nikola Tatarkin sold 3,733 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the transaction, the insider owned 30,756 shares in the company, valued at C$5,812,884. This represents a 10.82% decrease in their position. 0.13% of the stock is owned by insiders.

About Wheaton Precious Metals

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.