Stifel Nicolaus Raises Wheaton Precious Metals (TSE:WPM) Price Target to C$80.00

Wheaton Precious Metals (TSE:WPM - Free Report) had its target price lifted by Stifel Nicolaus from C$72.00 to C$80.00 in a research note published on Friday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities analysts have also issued reports on WPM. National Bankshares lowered 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. Veritas Investment Research boosted their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. Finally, National Bank Financial lowered Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a research report on Wednesday, February 21st.

Wheaton Precious Metals Trading Down 0.2 %

WPM stock traded down C$0.15 during midday trading on Friday, reaching C$72.38. The stock had a trading volume of 687,440 shares, compared to its average volume of 823,211. The business's fifty day moving average price is C$63.09. The company has a market capitalization of C$32.79 billion, a price-to-earnings ratio of 45.24 and a beta of 0.66. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$74.72.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, topping analysts' consensus estimates of C$0.42 by C$0.07. The firm had revenue of C$426.80 million during the quarter, compared to analyst estimates of C$381.95 million. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. Equities analysts anticipate that Wheaton Precious Metals will post 1.5534463 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a $0.21 dividend. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.84 annualized dividend and a yield of 1.16%. Wheaton Precious Metals's payout ratio is presently 52.50%.

Insider Buying and Selling at Wheaton Precious Metals

In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business'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. In other news, 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 transaction of C$1,156,052.80. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the company's 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 value of C$109,491.69. In the last quarter, insiders have sold 20,664 shares of company stock worth $1,272,782. Corporate insiders own 0.17% 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.