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

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$205.63.

WPM has been the subject of several recent research reports. Peel Hunt lifted their target price on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. National Bank Financial lifted their target price on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a report on Monday, March 16th. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. BMO Capital Markets lifted their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a report on Wednesday, April 15th.

Wheaton Precious Metals Stock Down 2.4%

Shares of WPM stock opened at C$175.91 on Thursday. The stock has a market cap of C$79.89 billion, a PE ratio of 44.46 and a beta of 1.38. The business has a 50-day simple moving average of C$184.19 and a 200-day simple moving average of C$179.52. Wheaton Precious Metals has a 52-week low of C$117.13 and a 52-week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$1.78 earnings per share (EPS) for the quarter. The business had revenue of C$1.25 billion during the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%. Sell-side analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is 17.44%.

Insider Buying and Selling at Wheaton Precious Metals

In other news, insider Vincent Chun Yip Lau bought 225 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of C$176.85 per share, with a total value of C$39,791.25. Following the acquisition, the insider directly owned 1,065 shares in the company, valued at C$188,345.25. This trade represents a 26.79% increase in their ownership of the stock. 0.13% of the stock is currently owned by company 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.