Shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $53.10.
A number of brokerages have weighed in on WPM. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Scotiabank reduced their price target on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 28th. Berenberg Bank increased their target price on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. TD Securities raised Wheaton Precious Metals from a “hold” rating to a “buy” rating and increased their target price for the stock from $51.00 to $53.00 in a research report on Monday, March 18th. Finally, BMO Capital Markets cut their target price on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st.
Read Our Latest Analysis on Wheaton Precious Metals
Wheaton Precious Metals Stock Down 0.1 %
Shares of Wheaton Precious Metals stock opened at $52.65 on Friday. Wheaton Precious Metals has a fifty-two week low of $38.37 and a fifty-two week high of $54.30. The firm has a market cap of $23.87 billion, a PE ratio of 44.24, a P/E/G ratio of 7.23 and a beta of 0.77. The business’s fifty day moving average is $45.86 and its two-hundred day moving average is $46.01.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The company had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. Equities research analysts anticipate that Wheaton Precious Metals will post 1.24 EPS for the current year.
Wheaton Precious Metals Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were issued a $0.155 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio is currently 52.10%.
Institutional Trading of Wheaton Precious Metals
Several large investors have recently added to or reduced their stakes in WPM. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Wheaton Precious Metals by 6.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock valued at $301,893,000 after acquiring an additional 361,138 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Wheaton Precious Metals by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 481,497 shares of the company’s stock valued at $22,909,000 after acquiring an additional 4,497 shares in the last quarter. US Bancorp DE grew its stake in shares of Wheaton Precious Metals by 4.9% during the first quarter. US Bancorp DE now owns 11,778 shares of the company’s stock valued at $561,000 after acquiring an additional 551 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Wheaton Precious Metals by 21.3% during the first quarter. PNC Financial Services Group Inc. now owns 20,122 shares of the company’s stock valued at $957,000 after acquiring an additional 3,535 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Wheaton Precious Metals by 245.5% during the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock valued at $120,401,000 after acquiring an additional 1,798,086 shares in the last quarter. 70.34% of the stock is currently 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.
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