Brokerages Set Wheaton Precious Metals Corp. (TSE:WPM) PT at C$199.00

Wheaton Precious Metals Corp. (TSE:WPM) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$199.00.

A number of analysts have recently commented on WPM shares. Peel Hunt cut their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. Stifel Nicolaus increased their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets lifted their target price on Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd.

Insider Activity

In other Wheaton Precious Metals news, insider Vincent Chun Yip Lau acquired 225 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately C$188,345.25. This trade represents a 26.79% increase in their ownership of the stock. 0.13% of the stock is owned by company insiders.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at C$187.32 on Tuesday. The firm has a market cap of C$85.07 billion, a P/E ratio of 47.34 and a beta of 1.39. Wheaton Precious Metals has a twelve month low of C$126.12 and a twelve month high of C$226.68. The firm’s 50 day moving average price is C$161.85 and its two-hundred day moving average price is C$180.88.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. The business had revenue of C$1.32 billion for 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 anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 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.