Shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $57.39.
WPM has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Berenberg Bank boosted their price target on Wheaton Precious Metals from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. CIBC boosted their price target on Wheaton Precious Metals from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Raymond James reduced their price target on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. Finally, National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st.
Read Our Latest Stock Report on WPM
Wheaton Precious Metals Price Performance
Shares of WPM opened at $52.59 on Monday. The company has a market cap of $23.84 billion, a P/E ratio of 40.45, a PEG ratio of 1.90 and a beta of 0.78. The stock has a fifty day moving average price of $53.63 and a 200 day moving average price of $48.87. Wheaton Precious Metals has a 12 month low of $38.37 and a 12 month high of $57.87.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $296.80 million during the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The firm’s revenue was up 38.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. As a group, research analysts anticipate that Wheaton Precious Metals will post 1.28 earnings per share for the current year.
Wheaton Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 47.69%.
Institutional Investors Weigh In On Wheaton Precious Metals
Institutional investors and hedge funds have recently modified their holdings of the stock. Fielder Capital Group LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $1,046,000. King Luther Capital Management Corp acquired a new position in Wheaton Precious Metals during the fourth quarter valued at $6,154,000. Alberta Investment Management Corp raised its position in Wheaton Precious Metals by 0.8% during the fourth quarter. Alberta Investment Management Corp now owns 957,947 shares of the company’s stock valued at $47,491,000 after buying an additional 7,610 shares during the period. Dimensional Fund Advisors LP raised its position in Wheaton Precious Metals by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 528,581 shares of the company’s stock valued at $26,081,000 after buying an additional 24,676 shares during the period. Finally, Sprott Inc. raised its position in Wheaton Precious Metals by 4.8% during the third quarter. Sprott Inc. now owns 799,533 shares of the company’s stock valued at $32,421,000 after buying an additional 36,654 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
Receive News & Ratings for Wheaton Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wheaton Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.