Wheaton Precious Metals (TSE:WPM – Free Report) had its target price upped by Peel Hunt from C$74.00 to C$82.00 in a report issued on Tuesday morning, BayStreet.CA reports.
WPM has been the topic of several other reports. Eight Capital lifted their price target on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the stock a buy rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their price target on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a buy rating in a report on Friday, April 19th. Veritas Investment Research lifted their price target on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. National Bank Financial lowered shares of Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a report on Wednesday, February 21st. Finally, Canaccord Genuity Group lifted their price target on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a report on Tuesday, April 23rd.
Wheaton Precious Metals Stock Down 0.5 %
Wheaton Precious Metals stock opened at C$72.52 on Tuesday. The company’s 50 day moving average is C$64.77. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$74.72. The company has a market capitalization of C$32.86 billion, a P/E ratio of 45.33 and a beta of 0.66.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.07. The company had revenue of C$426.80 million for the quarter, compared to analyst estimates of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. As a group, research analysts expect that Wheaton Precious Metals will post 1.5534463 earnings per share for the current year.
Wheaton Precious Metals Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $0.21 per share. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is presently 52.50%.
Insider Transactions at Wheaton Precious Metals
In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. Over the last ninety days, insiders sold 20,664 shares of company stock worth $1,272,782. Company insiders own 0.17% of the company’s stock.
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.
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