Wheaton Precious Metals (TSE:WPM) Upgraded to “Strong-Buy” at Stifel Canada

Stifel Canada upgraded shares of Wheaton Precious Metals (TSE:WPM) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.89 EPS.

A number of other equities research analysts have also recently weighed in on WPM. Stifel Nicolaus lifted their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. UBS Group raised Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Finally, National Bankshares raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Stock Up 3.1 %

TSE:WPM opened at C$94.44 on Tuesday. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$95.70. The company has a market capitalization of C$42.84 billion, a P/E ratio of 54.59 and a beta of 0.70. The stock’s fifty day moving average is C$85.23 and its two-hundred day moving average is C$84.55.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Thursday, November 7th. The company reported C$0.47 EPS for the quarter, meeting analysts’ consensus estimates of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same period in the prior year, the company earned $0.36 EPS. Sell-side analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.89%. Wheaton Precious Metals’s dividend payout ratio is currently 48.55%.

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.