Wheaton Precious Metals (TSE:WPM) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Wheaton Precious Metals (TSE:WPM) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports. Stifel Canada also issued estimates for Wheaton Precious Metals’ FY2026 earnings at $2.89 EPS.

Other equities research analysts have also recently issued reports about the company. National Bank Financial upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. National Bankshares upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Stifel Nicolaus upped their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. Finally, UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a research note on Monday, November 18th. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and an average target price of C$97.67.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$94.44 on Tuesday. The stock has a market capitalization of C$42.84 billion, a price-to-earnings ratio of 54.59 and a beta of 0.70. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$95.70. The business’s 50 day simple moving average is C$85.23 and its 200-day simple moving average is C$84.55.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Thursday, November 7th. The company reported C$0.47 earnings per share for the quarter, meeting the consensus estimate of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same quarter in the prior year, the company posted $0.36 EPS. On average, sell-side analysts expect that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, December 6th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.89%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.55%.

Wheaton Precious Metals 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 2017. Wheaton Precious Metals Corp.