Shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $52.90.
A number of research analysts have issued reports on WPM shares. BMO Capital Markets cut their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. CIBC upped their price objective on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their price objective for the company from $51.00 to $53.00 in a report on Monday, March 18th. Finally, Berenberg Bank dropped their price objective on shares of Wheaton Precious Metals from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd.
Read Our Latest Research Report on Wheaton Precious Metals
Institutional Trading of Wheaton Precious Metals
Several institutional investors have recently modified their holdings of WPM. CVA Family Office LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $26,000. Atlas Capital Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Wheaton Precious Metals by 54.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after purchasing an additional 280 shares during the period. Finally, Mechanics Financial Corp grew its position in shares of Wheaton Precious Metals by 200.0% in the third quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.
Wheaton Precious Metals Trading Down 0.6 %
Shares of Wheaton Precious Metals stock opened at $44.64 on Wednesday. Wheaton Precious Metals has a 12-month low of $38.37 and a 12-month high of $52.76. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 11.62 and a beta of 0.76. The firm’s 50 day simple moving average is $44.54 and its two-hundred day simple moving average is $45.02.
Wheaton Precious Metals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 52.10%.
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 10, 2017. Wheaton Precious Metals Corp.
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