Wheaton Precious Metals Corp. (TSE:WPM) Stock Rated “Buy” by Wall Street Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus recommendation of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$203.86.

A number of research analysts recently issued reports on the stock. Peel Hunt decreased their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. National Bank Financial increased their target price on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a report on Monday, August 10th.

Insider Activity

In related news, insider Nikola Tatarkin sold 3,733 shares of the firm’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 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 trade represents a 10.82% decrease in their position. 0.13% of the stock is owned by corporate insiders.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at C$169.18 on Friday. The firm’s 50-day simple moving average is C$201.54 and its 200 day simple moving average is C$183.40. The firm has a market cap of C$76.83 billion, a P/E ratio of 37.53 and a beta of 1.59. 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 released its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. The business had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%. As a group, equities analysts forecast that Wheaton Precious Metals will post 2.47 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 15.97%.

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.