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

Wheaton Precious Metals (TSE:WPM) had its price target hoisted by Eight Capital from C$82.50 to C$85.00 in a research report released on Monday, BayStreet.CA reports. Eight Capital currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial cut shares of Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a research report on Wednesday, February 21st. Stifel Nicolaus boosted 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. Veritas Investment Research boosted their price target on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a research note on Friday, April 12th. Finally, National Bankshares downgraded shares of Wheaton Precious Metals from an outperform rating to a sector perform rating and dropped their price target for the stock from C$75.00 to C$68.00 in a research note on Friday, February 23rd.

Wheaton Precious Metals Stock Up 2.0 %

Shares of WPM stock opened at C$73.41 on Monday. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$74.72. The company has a market cap of C$33.26 billion, a P/E ratio of 45.88 and a beta of 0.66. The company’s 50-day moving average price is C$63.66.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.42 by C$0.07. The firm had revenue of C$426.80 million during 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%. As a group, equities research analysts predict that Wheaton Precious Metals will post 1.5534463 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a dividend of $0.21 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio is 52.50%.

Insider Activity

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total value of C$1,156,052.80. In related news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction dated 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 the firm’s 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. Insiders have sold 20,664 shares of company stock valued at $1,272,782 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

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.