Wheaton Precious Metals (TSE:WPM) Sets New 12-Month High Following Analyst Upgrade

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report)'s stock price reached a new 52-week high on Thursday after Royal Bank Of Canada upgraded the stock from a hold rating to a moderate buy rating. Royal Bank Of Canada now has a C$130.00 price target on the stock. Wheaton Precious Metals traded as high as C$163.80 and last traded at C$162.61, with a volume of 345332 shares trading hands. The stock had previously closed at C$155.71.Prepare for a Silver Surge: Best Mining Stocks to Watch NowSeveral other equities analysts have also weighed in on the stock. CIBC upped their price objective on shares of Wheaton Precious Metals from C$125.00 to C$130.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Peel Hunt raised their price target on Wheaton Precious Metals from C$162.00 to C$165.00 in a report on Wednesday, November 12th. Finally, Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$134.43.View Our Latest Stock Analysis on WPMWheaton Precious Metals Stock PerformanceThe firm has a market capitalization of C$73.83 billion, a PE ratio of 73.81 and a beta of 0.94. The company has a fifty day moving average price of C$145.17 and a 200-day moving average price of C$136.19. Wheaton Precious Metals (TSE:WPM - Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.62 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 8.56% and a net margin of 50.05%.The firm had revenue of C$663.15 million during the quarter. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 2.4749013 earnings per share for the current year. Wheaton Precious Metals Announces DividendThe business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were paid a $0.165 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.4%. Wheaton Precious Metals's dividend payout ratio is presently 29.51%. About Wheaton Precious Metals (Get Free Report)Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.Featured StoriesFive stocks we like better than Wheaton Precious MetalsNYSE Stocks Give Investors a Variety of Quality Options AST SpaceMobile Gears Up for Its BlueBird 6 Launch Next WeekAsset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?AI & Quantum's Next Big Winners: 3 Small-Cap Stocks to Watch in 2026Procter & Gamble NYSE: PG Pulls Back After Shaky GuidanceTop 3 Winter Stocks With Solid Growth OpportunitiesThis 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.Should You Invest $1,000 in Wheaton Precious Metals Right Now?Before you consider Wheaton Precious Metals, you'll want to hear this.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.While Wheaton Precious Metals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here