Wheaton Precious Metals Corp. (TSE:WPM) Stock Has Average Price Target of C$203.86

by · The Markets Daily

Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) has earned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$203.86.

Several equities analysts have commented on the stock. Peel Hunt lowered their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. National Bank Financial boosted their target price on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a report on Monday, August 10th.

Read Our Latest Stock Analysis on WPM

Insiders Place Their Bets

In other Wheaton Precious Metals news, insider Nikola Tatarkin sold 3,733 shares of the business’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 sale, the insider directly owned 30,756 shares of the company’s stock, valued at C$5,812,884. The trade was a 10.82% decrease in their ownership of the stock. 0.13% of the stock is owned by insiders.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$202.12 on Wednesday. The stock has a market capitalization of C$91.79 billion, a price-to-earnings ratio of 44.84 and a beta of 1.61. Wheaton Precious Metals has a 1 year low of C$129.69 and a 1 year high of C$226.68. The business’s 50 day simple moving average is C$192.50 and its 200-day simple moving average is C$182.40.

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

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were given a $0.1950 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 15.97%.

About Wheaton Precious Metals

(Get Free Report)

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.

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