Wheaton Precious Metals (TSE:WPM) Issues Quarterly Earnings Results

Wheaton Precious Metals (TSE:WPM) issued its quarterly earnings data on Thursday. The company reported C$1.69 earnings per share for the quarter, FiscalAI reports. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%.The company had revenue of C$1.32 billion for the quarter.

Wheaton Precious Metals Stock Up 1.9%

WPM traded up C$3.31 during trading hours on Thursday, reaching C$175.79. 948,307 shares of the company’s stock traded hands, compared to its average volume of 813,005. The firm has a 50-day moving average price of C$161.88 and a 200 day moving average price of C$180.93. Wheaton Precious Metals has a 52-week low of C$126.12 and a 52-week high of C$226.68. The firm has a market capitalization of C$79.83 billion, a PE ratio of 44.43 and a beta of 1.39.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio is currently 17.44%.

Analyst Ratings Changes

A number of equities analysts have recently commented on WPM shares. Peel Hunt dropped their target price on Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. BMO Capital Markets increased their price target on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus raised their price target on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target of C$199.00.

Insider Activity at Wheaton Precious Metals

In related news, insider Vincent Chun Yip Lau purchased 225 shares of Wheaton Precious Metals stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$176.85 per share, with a total value of C$39,791.25. Following the purchase, the insider directly owned 1,065 shares of the company’s stock, valued at approximately C$188,345.25. This represents a 26.79% increase in their position. Insiders own 0.13% of the company’s stock.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.