Wheaton Precious Metals Corp. (WPM.TO) – What Are Researchers Thinking About This Stock?

Wheaton Precious Metals Corp. (TSE:WPM) has earned an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$203.86.

WPM has been the topic of a number of research reports. National Bank Financial raised their target price on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Peel Hunt decreased their price target on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th.

Insider Activity

In other news, insider Nikola Tatarkin sold 3,733 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the sale, the insider owned 30,756 shares in the company, valued at approximately C$5,812,884. This trade represents a 10.82% decrease in their ownership of the stock. Company insiders own 0.13% of the company’s stock.

Wheaton Precious Metals Trading Down 6.8%

Shares of WPM opened at C$173.00 on Friday. The firm has a market capitalization of C$78.57 billion, a P/E ratio of 38.38 and a beta of 1.59. The stock’s fifty day simple moving average is C$201.88 and its 200 day simple moving average is C$183.50. Wheaton Precious Metals has a twelve month low of C$129.69 and a twelve month high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%. The company had revenue of C$1.32 billion during the quarter. Sell-side analysts predict that Wheaton Precious Metals will post 2.47 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were given a $0.1950 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is presently 15.97%.

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.