Brokerages Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$205.62

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned an average rating of “Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$205.62.

Several research analysts recently issued reports on WPM shares. Stifel Nicolaus increased their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets lifted their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd. Finally, UBS Group upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th.

Insider Activity at Wheaton Precious Metals

In other news, insider Vincent Chun Yip Lau acquired 225 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of C$176.85 per share, for a total transaction of C$39,791.25. Following the completion of the acquisition, the insider directly owned 1,065 shares in the company, valued at C$188,345.25. The trade was a 26.79% increase in their position. 0.13% of the stock is currently owned by corporate insiders.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at C$152.69 on Friday. The stock’s 50-day moving average is C$170.82 and its 200 day moving average is C$182.68. Wheaton Precious Metals has a one year low of C$120.79 and a one year high of C$226.68. The firm has a market cap of C$69.34 billion, a price-to-earnings ratio of 38.59 and a beta of 1.40.

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

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.44%.

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.