Wheaton Precious Metals Corp. (TSE:WPM) Given Average Rating of "Moderate Buy" by Analysts - MarketBeat

Shares of Wheaton Precious Metals Corp. (TSE:WPM - Get Rating) have received an average recommendation of "Buy" from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is C$58.83.

Several equities analysts have commented on WPM shares. Raymond James dropped their target price on Wheaton Precious Metals from C$52.00 to C$51.00 and set an "outperform" rating for the company in a research report on Monday, August 22nd. Eight Capital lowered their price objective on Wheaton Precious Metals from C$76.00 to C$70.00 in a research report on Wednesday, October 26th. Barclays lowered their price objective on Wheaton Precious Metals from C$41.00 to C$40.00 in a research report on Monday, October 17th. Credit Suisse Group raised their price objective on Wheaton Precious Metals from C$48.00 to C$50.00 in a research report on Friday, November 18th. Finally, Canaccord Genuity Group lowered their price objective on Wheaton Precious Metals from C$67.00 to C$66.00 in a research report on Thursday, October 20th.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$51.18 on Friday. The company has a current ratio of 18.18, a quick ratio of 17.67 and a debt-to-equity ratio of 0.03. The company has a market capitalization of C$23.12 billion and a PE ratio of 21.87. Wheaton Precious Metals has a 12 month low of C$39.05 and a 12 month high of C$65.45. The stock has a 50-day moving average price of C$45.66 and a two-hundred day moving average price of C$46.17.

Wheaton Precious Metals (TSE:WPM - Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported C$0.27 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.06). The business had revenue of C$285.54 million during the quarter, compared to analysts' expectations of C$320.11 million. Analysts expect that Wheaton Precious Metals will post 0.85 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, December 1st will be paid a $0.204 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, November 18th. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.19. Wheaton Precious Metals's dividend payout ratio (DPR) is 25.64%.

About Wheaton Precious Metals

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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.