Wheaton Precious Metals Corp (NYSE:WPM) has received an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.14.

WPM has been the subject of several analyst reports. Raymond James set a $28.00 price objective on Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Thursday, March 21st. GMP Securities lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a report on Tuesday, April 23rd. Barclays lowered Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 9th. Standpoint Research lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, TD Securities upped their target price on Wheaton Precious Metals from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 26th.

Several institutional investors have recently bought and sold shares of WPM. Belpointe Asset Management LLC purchased a new stake in shares of Wheaton Precious Metals in the first quarter worth $204,000. Rehmann Capital Advisory Group raised its position in shares of Wheaton Precious Metals by 30.2% in the first quarter. Rehmann Capital Advisory Group now owns 7,981 shares of the company’s stock worth $190,000 after buying an additional 1,849 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Wheaton Precious Metals by 1.7% in the first quarter. Advisory Services Network LLC now owns 83,679 shares of the company’s stock worth $1,993,000 after buying an additional 1,366 shares in the last quarter. FMR LLC raised its position in shares of Wheaton Precious Metals by 8.2% in the first quarter. FMR LLC now owns 3,252,268 shares of the company’s stock worth $77,415,000 after buying an additional 247,638 shares in the last quarter. Finally, Archetype Wealth Partners LLC purchased a new stake in shares of Wheaton Precious Metals in the first quarter worth $210,000. 56.05% of the stock is owned by hedge funds and other institutional investors.

Shares of Wheaton Precious Metals stock opened at $22.79 on Wednesday. The company has a market capitalization of $10.21 billion, a PE ratio of 47.48, a P/E/G ratio of 8.41 and a beta of -0.04. Wheaton Precious Metals has a 52 week low of $15.08 and a 52 week high of $25.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 2.07.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $225.05 million during the quarter, compared to the consensus estimate of $202.80 million. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. On average, equities research analysts predict that Wheaton Precious Metals will post 0.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 24th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, May 23rd. Wheaton Precious Metals’s payout ratio is currently 75.00%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Analyst Recommendations for Wheaton Precious Metals (NYSE:WPM)

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