Wheaton Precious Metals Corp. (NYSE:WPM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $53.10.

A number of brokerages have recently weighed in on WPM. National Bank Financial cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Scotiabank dropped their price objective on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Berenberg Bank lifted their price objective on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. BMO Capital Markets dropped their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Finally, CIBC lifted their price objective on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th.

Institutional Trading of Wheaton Precious Metals

A number of institutional investors have recently bought and sold shares of WPM. CVA Family Office LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter worth about $26,000. Atlas Capital Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Wheaton Precious Metals by 54.7% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after purchasing an additional 280 shares during the last quarter. Finally, Mechanics Financial Corp lifted its holdings in shares of Wheaton Precious Metals by 200.0% in the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after purchasing an additional 600 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.1 %

WPM stock opened at $52.65 on Friday. The business has a fifty day moving average of $45.86 and a two-hundred day moving average of $46.01. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of 7.23 and a beta of 0.77. Wheaton Precious Metals has a 52-week low of $38.37 and a 52-week high of $54.30.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The company had revenue of $313.47 million during the quarter, compared to analysts’ expectations of $284.29 million. As a group, sell-side analysts anticipate that Wheaton Precious Metals will post 1.24 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.18%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is 52.10%.

Wheaton Precious Metals Company Profile

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.