Wheaton Precious Metals Corp. (NYSE:WPM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have received an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a 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 $71.67.

A number of equities research analysts have recently commented on WPM shares. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Finally, Raymond James lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th.

Wheaton Precious Metals Trading Up 0.4 %

NYSE:WPM opened at $57.74 on Tuesday. Wheaton Precious Metals has a 12-month low of $38.57 and a 12-month high of $68.64. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The company’s 50-day moving average is $59.45 and its two-hundred day moving average is $60.52.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter in the prior year, the firm posted $0.27 earnings per share. On average, equities research analysts forecast that Wheaton Precious Metals will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Institutional Trading of Wheaton Precious Metals

Several large investors have recently added to or reduced their stakes in the stock. Veracity Capital LLC boosted its holdings in Wheaton Precious Metals by 5.2% in the 4th quarter. Veracity Capital LLC now owns 7,082 shares of the company’s stock worth $398,000 after acquiring an additional 348 shares during the period. Fiduciary Family Office LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $252,000. XML Financial LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $461,000. Perfromance Wealth Partners LLC increased its stake in Wheaton Precious Metals by 209.6% during the 4th quarter. Perfromance Wealth Partners LLC now owns 11,148 shares of the company’s stock worth $627,000 after buying an additional 7,547 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Wheaton Precious Metals by 8.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 33,406 shares of the company’s stock worth $1,879,000 after buying an additional 2,495 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Company Profile

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.