<div id="readability-page-1"><p>Wheaton Precious Metals Corp. (NYSE:WPM - Get Free Report) has been assigned a consensus recommendation of &#34;Buy&#34; from the thirteen research firms that are currently  covering the firm, Marketbeat Ratings reports. One research analyst  has rated the stock with a hold recommendation, ten have given a buy recommendation and two have issued  a strong buy recommendation on  the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $130.7778.</p><ul><li>3 Metal Stocks with Double-Digit Upside</li></ul><p>Several research analysts have recently commented on the stock. CIBC lifted their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an &#34;outperformer&#34; rating in a report on Friday, October 10th. Weiss Ratings  reissued a &#34;buy (b)&#34; rating on shares of Wheaton Precious Metals in a report on Monday. Zacks Research upgraded Wheaton Precious Metals from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Monday, November 24th. Berenberg Bank increased their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a &#34;buy&#34; rating in a research report on Friday, September 12th. Finally, Scotiabank  reissued an &#34;outperform&#34; rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd.</p><p><b>Get Our Latest Stock Report on Wheaton Precious Metals</b></p><h2>Wheaton Precious Metals Trading Up 3.9%</h2><ul><li>Is silver more precious in 2024 as gold loses luster?</li></ul><p>WPM stock opened at $117.28 on Friday. The stock's 50 day simple moving average is $103.90 and its 200 day simple moving average is $98.53. Wheaton Precious Metals has a 12-month low of $55.47 and a 12-month high of $118.95. The firm has a market cap of $53.25 billion, a P/E ratio of 53.31, a P/E/G ratio of 1.67 and a beta of 0.54. </p><p>Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The firm had revenue of $476.26 million during the quarter, compared to the consensus estimate of $495.53 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The firm's revenue was up 54.5% on a year-over-year basis.  On average, research analysts forecast that  Wheaton Precious Metals will post 1.46 EPS for the current fiscal year. </p><h2>Wheaton Precious Metals Announces Dividend</h2><ul><li>Analysts Recommend These Mining Stocks Before Metal Prices Rally</li></ul><p>The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 30.00%. </p><h2>Hedge Funds Weigh In On Wheaton Precious Metals</h2><p>Institutional investors have recently modified their holdings of the company. West Family Investments Inc. bought a new stake in  Wheaton Precious Metals during the 2nd quarter valued at $247,000.  Norges Bank bought a new position in shares of  Wheaton Precious Metals in the second quarter worth $656,463,000.  Louisbourg Investments Inc. increased its holdings in shares of  Wheaton Precious Metals by 72.9% during the second quarter. Louisbourg Investments Inc. now owns 115,846 shares of the company's stock valued at $10,398,000 after purchasing an additional 48,852 shares during the period.  B.O.S.S. Retirement Advisors LLC bought a new stake in shares of  Wheaton Precious Metals during the second quarter valued at about $218,000.  Finally, Voya Investment Management LLC raised its stake in shares of  Wheaton Precious Metals by 18.0% during the first quarter. Voya Investment Management LLC now owns 747,477 shares of the company's stock valued at $58,026,000 after purchasing an additional 113,835 shares in the last quarter. Institutional investors own  70.34% of the company's stock. </p><h2>Wheaton Precious Metals Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Wheaton Precious Metals</li><li>Investing in Construction Stocks</li><li>3 Recently Downgraded Stocks to Avoid in 2026</li><li>How to Invest in Insurance Companies: A Guide </li><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>Oracle Stock Hit Hard: Why Its AI Pipeline Could Drive a 2026 Rally</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdQTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdQTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wheaton Precious Metals Right Now?</h2><p>Before you consider Wheaton Precious Metals, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheaton Precious Metals wasn't on the list.</p><p>While Wheaton Precious Metals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wheaton Precious Metals Corp. (NYSE:WPM) has received a consensus recommendation of "Buy" from thirteen research firms. The average 1-year price target is $130.78. Recent analyst ratings include CIBC's target of $160.00 and Zacks' upgrade to "strong-buy." The company reported Q3 earnings of $0.62 per share, beating estimates. Wheaton announced a quarterly dividend of $0.165. Institutional investors own 70.34% of the stock. The company primarily sells precious metals in North America, Europe, and South America.</p>

Wheaton Precious Metals Corp. (NYSE:WPM) Given Average Recommendation of "Buy" by Brokerages