Wheaton Precious Metals (TSE:WPM – Free Report) had its price target boosted by Canaccord Genuity Group from C$90.00 to C$100.00 in a research note released on Tuesday, BayStreet.CA reports.
Several other research firms have also weighed in on WPM. Eight Capital increased their price target on shares of Wheaton Precious Metals from C$85.00 to C$95.00 in a research report on Thursday, July 11th. Stifel Nicolaus raised 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 research note on Friday, April 19th. Peel Hunt upped their price objective on Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. National Bankshares raised their target price on Wheaton Precious Metals from C$80.00 to C$85.00 and gave the stock a sector perform rating in a research report on Monday, May 13th. Finally, Veritas Investment Research upped their price target on Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th.
Get Our Latest Stock Analysis on Wheaton Precious Metals
Wheaton Precious Metals Stock Performance
Wheaton Precious Metals (TSE:WPM – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.09. The business had revenue of C$400.14 million for the quarter, compared to analyst estimates of C$391.32 million. Wheaton Precious Metals had a return on equity of 8.50% and a net margin of 53.74%. Analysts expect that Wheaton Precious Metals will post 1.8465017 earnings per share for the current year.
Wheaton Precious Metals Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.06%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.21. Wheaton Precious Metals’s dividend payout ratio is currently 48.02%.
Insider Transactions at Wheaton Precious Metals
In related news, Senior Officer Randy Smallwood sold 94,090 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$73.70, for a total transaction of C$6,934,433.00. In other news, Senior Officer Haytham Henry Hodaly sold 16,500 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.64, for a total transaction of C$1,264,560.00. Also, Senior Officer Randy Smallwood sold 94,090 shares of Wheaton Precious Metals stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$73.70, for a total transaction of C$6,934,433.00. Insiders sold 151,660 shares of company stock valued at $11,281,465 over the last three months. Company insiders own 0.13% 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.
Further Reading
- Five stocks we like better than Wheaton Precious Metals
- How to Calculate Retirement Income: MarketBeat’s Calculator
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.