Wheaton Precious Metals Corp. (NYSE:WPM) Given Consensus Recommendation of “Buy” by Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have received an average recommendation of “Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $130.7778.

Several analysts have recently weighed in on WPM shares. Jefferies Financial Group restated a “buy” rating and issued a $145.00 price objective on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Berenberg Bank boosted their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Zacks Research raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Scotiabank reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $130.00 in a research report on Wednesday, December 10th.

Institutional Trading of Wheaton Precious Metals

A number of hedge funds have recently bought and sold shares of WPM. Nisa Investment Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the third quarter worth about $26,000. Root Financial Partners LLC purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in Wheaton Precious Metals in the 3rd quarter worth approximately $33,000. Bulwark Capital Corp acquired a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $27,000. Finally, Delta Asset Management LLC TN purchased a new position in Wheaton Precious Metals during the 2nd quarter worth approximately $27,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $115.52 on Friday. Wheaton Precious Metals has a 12-month low of $55.47 and a 12-month high of $120.55. The stock has a market capitalization of $52.45 billion, a PE ratio of 52.51, a price-to-earnings-growth ratio of 1.71 and a beta of 0.54. The firm has a 50 day simple moving average of $104.70 and a 200-day simple moving average of $99.55.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The firm’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, analysts forecast that Wheaton Precious Metals will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were given a $0.165 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 30.00%.

About Wheaton Precious Metals

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.