Analysts Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$134.43

Wheaton Precious Metals Corp. (TSE:WPM) has been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$134.43.

Several equities research analysts have recently issued reports on the stock. Peel Hunt lifted their price objective on shares of Wheaton Precious Metals from C$162.00 to C$165.00 in a research report on Wednesday, November 12th. Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “moderate buy” rating and set a C$130.00 price objective for the company in a report on Wednesday, December 10th.

Wheaton Precious Metals Stock Up 0.0%

TSE:WPM opened at C$188.28 on Friday. The business’s 50-day simple moving average is C$158.87 and its two-hundred day simple moving average is C$144.99. Wheaton Precious Metals has a 52 week low of C$81.85 and a 52 week high of C$188.70. The stock has a market cap of C$85.48 billion, a PE ratio of 85.47 and a beta of 1.01.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Friday, November 7th. The company reported C$0.62 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%.The firm had revenue of C$663.15 million during the quarter. Sell-side analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is presently 29.51%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. Wheaton currently has streaming agreements for 21 operating mines and 13 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Penasquito mine.