Wheaton Precious Metals (TSE:WPM) PT Raised to C$80.00 at Stifel Nicolaus

Wheaton Precious Metals (TSE:WPM) had its target price boosted by Stifel Nicolaus from C$72.00 to C$80.00 in a report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

WPM has been the subject of a number of other reports. 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. National Bankshares cut Wheaton Precious Metals from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$75.00 to C$68.00 in a research note on Friday, February 23rd. Finally, National Bank Financial downgraded 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 opened at C$70.59 on Friday. The stock’s 50 day simple moving average is C$63.09. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$74.72. The company has a market cap of C$31.98 billion, a price-to-earnings ratio of 44.12 and a beta of 0.66.

Wheaton Precious Metals (TSE:WPM) last issued 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. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The firm had revenue of C$426.80 million for the quarter, compared to analyst estimates of C$381.95 million. On average, research analysts anticipate that Wheaton Precious Metals will post 1.5534463 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $0.21 per share. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is currently 52.50%.

Insider Activity

In related news, 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. In related 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. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. 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.