Metals

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

Shares of Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.17.

Several analysts have weighed in on WPM shares. TD Securities lowered their price target on Wheaton Precious Metals from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, August 17th. National Bank Financial decreased their price objective on Wheaton Precious Metals from C$70.00 to C$68.00 in a report on Monday, August 15th. Stifel Nicolaus decreased their price objective on Wheaton Precious Metals from C$71.00 to C$66.50 in a report on Wednesday, July 20th. The Goldman Sachs Group started coverage on Wheaton Precious Metals in a report on Monday, September 12th. They set a “buy” rating on the stock. Finally, KeyCorp decreased their price objective on Wheaton Precious Metals from $56.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 18th.

Institutional Investors Weigh In On Wheaton Precious Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Wheaton Precious Metals by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,769 shares of the company’s stock worth $15,101,000 after acquiring an additional 19,652 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Wheaton Precious Metals by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,263,726 shares of the company’s stock valued at $54,210,000 after purchasing an additional 78,288 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Wheaton Precious Metals by 8.4% during the fourth quarter. Invesco Ltd. now owns 2,112,381 shares of the company’s stock valued at $90,685,000 after purchasing an additional 163,885 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Wheaton Precious Metals by 6.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 77,147 shares of the company’s stock valued at $3,311,000 after acquiring an additional 4,755 shares during the period. Finally, Blair William & Co. IL lifted its holdings in Wheaton Precious Metals by 0.5% in the fourth quarter. Blair William & Co. IL now owns 165,487 shares of the company’s stock valued at $7,104,000 after acquiring an additional 822 shares during the period. 56.62% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $30.04 on Friday. Wheaton Precious Metals has a 52-week low of $29.47 and a 52-week high of $51.90. The business’s 50 day moving average price is $32.58 and its two-hundred day moving average price is $39.59. The firm has a market cap of $13.57 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 4.92 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPMGet Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $302.92 million during the quarter, compared to the consensus estimate of $301.00 million. Wheaton Precious Metals had a return on equity of 9.22% and a net margin of 63.36%. Research analysts predict that Wheaton Precious Metals will post 1.29 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Friday, August 26th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.00%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 36.81%.

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.

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Analyst Recommendations for Wheaton Precious Metals (NYSE: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 contact@marketbeat.com.

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