Wheaton Precious Metals Corp. (NYSE:WPM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Wheaton Precious Metals Corp. (NYSE:WPM) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $71.67.

A number of analysts recently issued reports on the company. UBS Group assumed coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 target price for the company. TD Securities raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th.

Hedge Funds Weigh In On Wheaton Precious Metals

A number of institutional investors have recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC grew its position in shares of Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after acquiring an additional 187 shares during the period. Principal Financial Group Inc. grew its holdings in Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after purchasing an additional 196 shares during the period. Vontobel Holding Ltd. increased its position in Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after buying an additional 197 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Wheaton Precious Metals by 1.0% in the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after buying an additional 210 shares during the period. Finally, Western Pacific Wealth Management LP lifted its position in shares of Wheaton Precious Metals by 13.9% in the third quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock valued at $106,000 after buying an additional 212 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $58.07 on Friday. The company has a 50 day moving average price of $61.36 and a two-hundred day moving average price of $60.07. The company has a market capitalization of $26.34 billion, a PE ratio of 43.34, a PEG ratio of 1.67 and a beta of 0.75. Wheaton Precious Metals has a 52 week low of $38.57 and a 52 week high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter last year, the business posted $0.27 EPS. On average, sell-side analysts forecast that Wheaton Precious Metals will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is presently 46.27%.

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.