Wheaton Precious Metals (WPM) Scheduled to Post Earnings on Thursday

Wheaton Precious Metals (TSE:WPM) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Wheaton Precious Metals to post earnings of C$0.42 per share for the quarter.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.07. The company had revenue of C$426.80 million for the quarter, compared to analysts’ expectations of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$73.90 on Wednesday. The company has a market cap of C$33.49 billion, a price-to-earnings ratio of 45.34 and a beta of 0.66. 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’s 50-day moving average price is C$65.95.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.14%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 52.15%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Peel Hunt upped their target price on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. Canaccord Genuity Group boosted their price objective on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a research report on Tuesday, April 23rd. National Bankshares cut 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 report on Friday, February 23rd. Veritas Investment Research boosted their price target on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Finally, National Bank Financial downgraded Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research note on Wednesday, February 21st.

Insider Activity

In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the stock in a transaction that occurred 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 Gary Duncan Brown sold 1,857 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. Insiders have sold 20,664 shares of company stock worth $1,272,782 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

About Wheaton Precious Metals

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.