Wheaton Precious Metals (NYSE:WPM) Releases Earnings Results

Wheaton Precious Metals (NYSE:WPM) released its quarterly earnings data on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34, Zacks reports. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.91%. The firm had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the previous year, the company earned $0.27 earnings per share.

Wheaton Precious Metals Stock Down 5.9 %

Wheaton Precious Metals stock traded down $3.80 during trading on Monday, reaching $61.02. The stock had a trading volume of 2,405,889 shares, compared to its average volume of 1,778,033. Wheaton Precious Metals has a 52-week low of $38.57 and a 52-week high of $68.64. The business has a 50 day moving average price of $62.77 and a 200 day moving average price of $58.71. The stock has a market cap of $27.68 billion, a PE ratio of 45.54, a P/E/G ratio of 2.37 and a beta of 0.77.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Raymond James upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Scotiabank increased their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus price target of $70.88.

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.