Wheaton Precious Metals (TSE:WPM) PT Raised to C$85.00

Wheaton Precious Metals (TSE:WPM - Free Report) had its price objective raised by Eight Capital from C$82.50 to C$85.00 in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

WPM has been the topic of a number of other reports. 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. National Bankshares lowered Wheaton Precious Metals from an outperform rating to a sector perform rating and dropped their target price for the stock from C$75.00 to C$68.00 in a report on Friday, February 23rd. Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a buy rating in a report on Friday. Finally, National Bank Financial lowered Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a report on Wednesday, February 21st.

Wheaton Precious Metals Stock Performance

TSE WPM traded down C$1.79 during trading hours on Monday, reaching C$70.59. 546,726 shares of the company's stock were exchanged, compared to its average volume of 819,667. The company has a market cap of C$31.98 billion, a PE ratio of 44.17 and a beta of 0.66. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$74.72. The business's fifty day simple moving average is C$63.09.

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, beating analysts' consensus estimates of C$0.42 by C$0.07. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. The firm had revenue of C$426.80 million for the quarter, compared to analyst estimates of C$381.95 million. On average, equities analysts forecast that Wheaton Precious Metals will post 1.5534463 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.19%. 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 is presently 52.50%.

Insider Activity at Wheaton Precious Metals

In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the stock in a transaction dated 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. In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock in a transaction that occurred on Tuesday, March 19th. The shares were 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 Wheaton Precious Metals 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. Insiders sold 20,664 shares of company stock worth $1,272,782 over the last three months. Company insiders own 0.17% 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.