Shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $61.06.
A number of research firms have recently weighed in on WPM. BMO Capital Markets lifted their price objective on Wheaton Precious Metals from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Berenberg Bank boosted their price target on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Scotiabank boosted their price target on Wheaton Precious Metals from $59.00 to $66.50 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. CIBC boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group boosted their price target on Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 12th.
Read Our Latest Stock Analysis on WPM
Wheaton Precious Metals Stock Up 0.6 %
WPM stock opened at $58.64 on Tuesday. Wheaton Precious Metals has a twelve month low of $38.37 and a twelve month high of $63.06. The stock has a market cap of $26.60 billion, a P/E ratio of 45.11, a PEG ratio of 2.18 and a beta of 0.76. The business’s 50-day moving average price is $55.85 and its 200-day moving average price is $50.76.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The firm had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $278.95 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 38.7% on a year-over-year basis. On average, equities research analysts expect that Wheaton Precious Metals will post 1.38 earnings per share for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.
Hedge Funds Weigh In On Wheaton Precious Metals
Large investors have recently modified their holdings of the stock. Ridgewood Investments LLC bought a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $31,000. Principal Securities Inc. bought a new position in Wheaton Precious Metals in the 4th quarter valued at $39,000. Fifth Third Bancorp grew its position in Wheaton Precious Metals by 230.7% in the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock valued at $43,000 after acquiring an additional 602 shares during the last quarter. St. Johns Investment Management Company LLC bought a new position in Wheaton Precious Metals in the 1st quarter valued at $52,000. Finally, Western Pacific Wealth Management LP grew its position in Wheaton Precious Metals by 47.6% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock valued at $55,000 after acquiring an additional 359 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.
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