Wheaton Precious Metals (TSE:WPM) PT Lowered to C$48.00

Wheaton Precious Metals (TSE:WPM) had its target price lowered by National Bank Financial from C$50.00 to C$48.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on WPM. CSFB increased their price target on shares of Wheaton Precious Metals from C$34.00 to C$38.00 in a report on Friday, August 9th. Eight Capital increased their price target on shares of Wheaton Precious Metals from C$35.00 to C$42.50 in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Wheaton Precious Metals presently has an average rating of Buy and a consensus target price of C$36.64.

Shares of TSE WPM opened at C$36.53 on Monday. The company’s fifty day moving average price is C$35.44 and its 200 day moving average price is C$33.71. Wheaton Precious Metals has a 1 year low of C$20.33 and a 1 year high of C$40.95. The company has a market capitalization of $16.63 billion and a PE ratio of 1,217.67. The company has a debt-to-equity ratio of 19.57, a quick ratio of 4.61 and a current ratio of 4.67.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, November 14th. The company reported C$0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.21. The firm had revenue of C$295.20 million for the quarter, compared to analysts’ expectations of C$296.16 million. On average, equities analysts expect that Wheaton Precious Metals will post 0.5204277 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.118 per share. This represents a $0.47 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Tuesday, December 3rd. Wheaton Precious Metals’s dividend payout ratio is presently 1,200.00%.

In other Wheaton Precious Metals news, Senior Officer Haytham Henry Hodaly sold 23,200 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$39.50, for a total transaction of C$916,400.00. Following the completion of the transaction, the insider now directly owns 70,800 shares in the company, valued at C$2,796,600. Also, Director George Leslie Brack sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$40.75, for a total transaction of C$163,000.00. Following the transaction, the director now owns 14,547 shares of the company’s stock, valued at C$592,790.25. Insiders have sold 27,300 shares of company stock valued at $1,083,473 over the last 90 days.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

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