Wheaton Precious Metals (TSE:WPM – Free Report) had its target price lowered by Stifel Nicolaus from C$75.00 to C$72.00 in a research note released on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
WPM has been the subject of several other research reports. National Bankshares downgraded Wheaton Precious Metals from an outperform rating to a sector perform rating and decreased their target price for the stock from C$75.00 to C$68.00 in a research report on Friday, February 23rd. National Bank Financial downgraded shares of Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a research note on Wednesday, February 21st.
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Wheaton Precious Metals Stock Performance
Shares of TSE WPM opened at C$59.79 on Monday. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$71.39. The firm has a market cap of C$27.08 billion, a price-to-earnings ratio of 37.37 and a beta of 0.61.
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, topping the consensus estimate of C$0.42 by C$0.07. The firm had revenue of C$426.80 million during the quarter, compared to the consensus estimate of C$381.95 million. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. Analysts forecast that Wheaton Precious Metals will post 1.5873812 EPS for the current year.
Wheaton Precious Metals Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is 51.25%.
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 10, 2017. Wheaton Precious Metals Corp.
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