Analysts Set Wheaton Precious Metals Corp. (NYSE:WPM) Price Target at $71.67

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $71.67.

Several research analysts have recently weighed in on WPM shares. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Jefferies Financial Group upped their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Raymond James upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $57.06 on Friday. Wheaton Precious Metals has a 12-month low of $38.57 and a 12-month high of $68.64. The stock has a market capitalization of $25.89 billion, a P/E ratio of 42.58, a P/E/G ratio of 1.67 and a beta of 0.75. The firm’s 50 day moving average is $62.22 and its 200-day moving average is $60.02.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, equities research analysts forecast that Wheaton Precious Metals will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.09%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

Institutional Investors Weigh In On Wheaton Precious Metals

A number of large investors have recently added to or reduced their stakes in WPM. Ameritas Advisory Services LLC boosted its holdings in shares of Wheaton Precious Metals by 12.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 8,998 shares of the company’s stock worth $472,000 after buying an additional 1,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Wheaton Precious Metals by 6.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 222,086 shares of the company’s stock worth $11,642,000 after purchasing an additional 13,331 shares during the period. Intact Investment Management Inc. acquired a new position in shares of Wheaton Precious Metals during the 2nd quarter worth about $4,674,000. Cadinha & Co. LLC bought a new stake in Wheaton Precious Metals during the 2nd quarter valued at approximately $14,979,000. Finally, Commonwealth Equity Services LLC grew its holdings in Wheaton Precious Metals by 15.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 104,885 shares of the company’s stock valued at $5,498,000 after buying an additional 13,925 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

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.