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

Wheaton Precious Metals Corp. (TSE:WPM) has earned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$203.86.

Several equities analysts have commented on the stock. Peel Hunt lowered their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. National Bank Financial boosted 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.

Insiders Place Their Bets

In other Wheaton Precious Metals news, insider Nikola Tatarkin sold 3,733 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following 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 owned by insiders.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$202.12 on Wednesday. The stock has a market capitalization of C$91.79 billion, a price-to-earnings ratio of 44.84 and a beta of 1.61. Wheaton Precious Metals has a 1 year low of C$129.69 and a 1 year high of C$226.68. The business’s 50 day simple moving average is C$192.50 and its 200-day simple moving average is C$182.40.

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

Wheaton Precious Metals Dividend Announcement

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