Wheaton Precious Metals Corp. (NYSE:WPM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Wheaton Precious Metals Corp. (NYSE:WPMGet Free Report) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $54.30.

Several analysts have weighed in on WPM shares. Scotiabank dropped their price objective on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and increased their price objective for the company from $51.00 to $53.00 in a report on Monday, March 18th. Jefferies Financial Group lifted their target price on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Berenberg Bank increased their price target on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, National Bank Financial downgraded Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st.

Read Our Latest Stock Report on WPM

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WPM. Capital International Inc. CA grew its position in shares of Wheaton Precious Metals by 2.5% in the 1st quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock valued at $392,000 after acquiring an additional 204 shares during the period. Western Pacific Wealth Management LP raised its stake in Wheaton Precious Metals by 19.6% in the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 218 shares in the last quarter. Brookstone Capital Management raised its position in shares of Wheaton Precious Metals by 5.3% in the 1st quarter. Brookstone Capital Management now owns 4,771 shares of the company’s stock valued at $225,000 after buying an additional 240 shares in the last quarter. Parsons Capital Management Inc. RI lifted its stake in Wheaton Precious Metals by 0.4% during the third quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock worth $2,326,000 after purchasing an additional 250 shares during the last quarter. Finally, Transatlantique Private Wealth LLC lifted its holdings in shares of Wheaton Precious Metals by 3.6% in the third quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock worth $317,000 after acquiring an additional 270 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

WPM opened at $57.79 on Thursday. The stock has a market capitalization of $26.20 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 7.60 and a beta of 0.75. The company’s 50 day simple moving average is $50.73 and its 200-day simple moving average is $47.82. Wheaton Precious Metals has a one year low of $38.37 and a one year high of $57.87.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $296.80 million for the quarter, compared to analyst estimates of $278.95 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The business’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. As a group, analysts anticipate that Wheaton Precious Metals will post 1.28 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.07%. Wheaton Precious Metals’s dividend payout ratio is 47.69%.

Wheaton Precious Metals Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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