Wheaton Precious Metals Corp. (TSE:WPM) Receives C$97.67 Consensus Target Price from 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. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$97.67.

Several equities research analysts have recently issued reports on WPM shares. Eight Capital increased their price objective on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Peel Hunt lifted their target price on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their target price on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Finally, National Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

Wheaton Precious Metals Trading Up 2.3 %

Shares of Wheaton Precious Metals stock opened at C$94.43 on Wednesday. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$94.84. The firm’s 50-day moving average price is C$84.42 and its two-hundred day moving average price is C$78.80. The stock has a market capitalization of C$42.84 billion, a price-to-earnings ratio of 54.58 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The business had revenue of C$409.19 million for the quarter, compared to analyst estimates of C$400.03 million. As a group, equities research analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 dividend on an annualized basis and a yield of 0.91%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.55%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.