Wheaton Precious Metals Corp. (WPM:NYE) has received an average rating of “Strong Buy” from the 8 analysts that cover the company, according to a report by Stock target Advisor. The average 12-month price target among analysts who have recently reported on the stock is $51.30.
WPM Stock-Analyst Ratings:
Several analysts have commented on the company in recent months, with TD Securities, BMO Capital Markets, and Raymond James all decreasing their price targets on the WPM stock. However, Barclays recently raised their target price from $40.00 to $42.00 and gave the stock an “equal weight” rating.
WPM Stock Price Analysis:
WPM’s stock rose 1.6% to open at $49.55 on Wednesday. The company has a market capitalization of $22.41 billion, a P/E ratio of 33.48, and a beta of 0.58.
Its 50-day moving average is $44.29, and its 200-day moving average is $40.09. The stock’s 12-month high is $51.90, while its 12-month low is $28.62.
Quarterly Earnings Review:
Wheaton Precious Metals recently reported earnings for Q4 2022, posting $0.23 earnings per share, slightly missing analysts’ consensus estimate of $0.24.
The company had revenue of $236.05 million during the quarter, down 15.1% compared to the same quarter last year. Analysts anticipate the company will post 1.17 earnings per share for the current year.
WPM Stock Dividend:
The company also recently announced a quarterly dividend, which was paid on April 6th. Shareholders of record on March 24th received a $0.15 dividend. The company’s payout ratio is 40.54%.
Institutional Holdings:
Several institutional investors have recently increased their holdings in WPM, including Van ECK Associates Corp, First Eagle Investment Management LLC, Vanguard Group Inc., Royal Bank of Canada, and Massachusetts Financial Services Co. MA. These hedge funds collectively own 57.01% of the WPM stock.
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Company Profile:
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 10, 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.
