Wheaton Precious Metals Corp. (TSE:WPM) Receives C$194.62 Consensus PT from Analysts

Wheaton Precious Metals Corp. (TSE:WPM) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$194.62.

WPM has been the subject of a number of research analyst reports. National Bank Financial increased their target price on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Peel Hunt dropped their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th.

Insider Activity

In other news, insider Nikola Tatarkin sold 3,733 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the completion of the sale, the insider owned 30,756 shares of the company’s stock, valued at C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. 0.13% of the stock is owned by insiders.

Wheaton Precious Metals Stock Down 2.1%

WPM opened at C$208.89 on Friday. The company has a market cap of C$94.87 billion, a PE ratio of 46.34 and a beta of 1.39. Wheaton Precious Metals has a twelve month low of C$129.69 and a twelve month high of C$226.68. The company has a 50-day moving average price of C$172.58 and a 200 day moving average price of C$181.78.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.The company had revenue of C$1.32 billion for the quarter. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s payout ratio is 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.