Gold and Precious Metals

Wheaton Precious Metals Corp. (TSE:WPM) Receives Consensus Rating of “Buy” from Analysts

Wheaton Precious Metals Corp. (TSE:WPMGet Rating) has been given a consensus rating of “Buy” by the fourteen analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$68.36.

A number of equities research analysts have recently issued reports on WPM shares. Eight Capital boosted their target price on shares of Wheaton Precious Metals from C$85.00 to C$86.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Peel Hunt reduced their target price on shares of Wheaton Precious Metals from C$77.00 to C$70.00 and set a “buy” rating for the company in a research report on Monday, February 14th. KeyCorp boosted their target price on shares of Wheaton Precious Metals to C$70.00 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$76.00 to C$81.00 in a research report on Friday, April 22nd. Finally, National Bankshares boosted their price target on Wheaton Precious Metals from C$68.00 to C$75.00 in a research note on Wednesday, April 20th.

In other Wheaton Precious Metals news, Senior Officer Haytham Henry Hodaly sold 47,050 shares of the business’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of C$60.05, for a total transaction of C$2,825,187.83. Also, Director Douglas Martin Holtby sold 4,821 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of C$59.13, for a total value of C$285,077.30. Following the completion of the transaction, the director now directly owns 43,157 shares of the company’s stock, valued at approximately C$2,551,976.99. In the last three months, insiders have sold 135,751 shares of company stock valued at $8,228,933.

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WPM stock opened at C$53.31 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 3.61. The company has a fifty day moving average price of C$57.63 and a two-hundred day moving average price of C$55.43. Wheaton Precious Metals has a one year low of C$45.76 and a one year high of C$65.45. The stock has a market cap of C$24.07 billion and a price-to-earnings ratio of 25.40.

Wheaton Precious Metals (TSE:WPMGet Rating) last released its quarterly earnings data on Thursday, March 10th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.02). The business had revenue of C$350.74 million for the quarter, compared to analysts’ expectations of C$361.35 million. Research analysts anticipate that Wheaton Precious Metals will post 1.1299999 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, June 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 19th. Wheaton Precious Metals’s payout ratio is 28.11%.

Wheaton Precious Metals Company Profile (Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

See Also

Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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