Wheaton Precious Metals (WPM) – Analysts’ Recent Ratings Updates

Wheaton Precious Metals (TSE: WPM) recently received a number of ratings updates from brokerages and research firms:

• 10/21/2024 – Wheaton Precious Metals was downgraded by analysts at Stifel Canada from a “strong-buy” rating to a “hold” rating.
• 10/21/2024 – Wheaton Precious Metals had its price target raised by analysts at Stifel Nicolaus from C$90.00 to C$102.00.
• 10/10/2024 – Wheaton Precious Metals was upgraded by analysts at National Bankshares, Inc. from a “sector perform” rating to an “outperform” rating. They now have a C$105.00 price target on the stock, up previously from C$90.00.
• 10/9/2024 – Wheaton Precious Metals was upgraded by analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating.
• 10/2/2024 – Wheaton Precious Metals had its price target raised by analysts at Peel Hunt from C$82.00 to C$95.00. They now have a “buy” rating on the stock.
• 9/26/2024 – Wheaton Precious Metals had its price target raised by analysts at Eight Capital from C$95.00 to C$100.00. They now have a “buy” rating on the stock.

Wheaton Precious Metals Price Performance

TSE WPM traded up C$0.39 on Monday, hitting C$92.30. 256,408 shares of the stock were exchanged, compared to its average volume of 766,430. The company has a market capitalization of C$41.87 billion, a PE ratio of 53.35 and a beta of 0.70. The business’s fifty day moving average is C$84.19 and its 200 day moving average is C$78.63. Wheaton Precious Metals Corp. has a 52 week low of C$52.15 and a 52 week high of C$94.84.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. The firm had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million. Analysts predict that Wheaton Precious Metals Corp. will post 2.4749013 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.93%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 48.55%.

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.