Wheaton Precious Metals Corp. (TSE:WPM) Given Average Rating of “Buy” by Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$194.62.

WPM has been the subject of several recent research reports. National Bank Financial boosted their target price on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Peel Hunt reduced their price target on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th.

Wheaton Precious Metals Trading Up 3.6%

Shares of WPM opened at C$208.69 on Friday. The firm has a market cap of C$94.78 billion, a price-to-earnings ratio of 46.29 and a beta of 1.39. The stock has a 50 day moving average of C$174.27 and a 200-day moving average of C$181.91. Wheaton Precious Metals has a 52 week low of C$129.69 and a 52 week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.The business had revenue of C$1.32 billion for the quarter. On average, sell-side analysts predict that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be issued a $0.195 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 15.97%.

Insider Buying and Selling

In other news, insider Nikola Tatarkin sold 3,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the completion of the transaction, the insider directly owned 30,756 shares of the company’s stock, valued at approximately C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. 0.13% of the stock is currently owned by insiders.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.