Wheaton Precious Metals (WPM) Set to Announce Earnings on Wednesday

Wheaton Precious Metals (TSE:WPM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Wheaton Precious Metals to post earnings of C$0.40 per share for the quarter.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.09. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.50%. The business had revenue of C$400.14 million for the quarter, compared to analyst estimates of C$391.32 million.

Wheaton Precious Metals Trading Down 1.4 %

TSE WPM opened at C$79.97 on Tuesday. The company has a 50 day simple moving average of C$76.83. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$86.22. The company has a market capitalization of C$36.25 billion, a price-to-earnings ratio of 45.18 and a beta of 0.63.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 11th were issued a dividend of $0.214 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, May 29th. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.21. Wheaton Precious Metals’s dividend payout ratio is 48.02%.

Insider Buying and Selling

In related news, Senior Officer Gary Duncan Brown sold 38,700 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$74.98, for a total transaction of C$2,901,726.00. In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 38,700 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$74.98, for a total transaction of C$2,901,726.00. Also, Senior Officer Randy Smallwood sold 94,090 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$73.70, for a total transaction of C$6,934,433.00. Over the last quarter, insiders have sold 151,660 shares of company stock valued at $11,281,465. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Eight Capital boosted their price target on shares of Wheaton Precious Metals from C$85.00 to C$95.00 in a research note on Thursday, July 11th. Veritas Investment Research upped their price objective on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Canaccord Genuity Group increased their price target on shares of Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus increased their price objective on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, National Bankshares increased their price objective on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the company a “sector perform” rating in a research report on Monday, May 13th.

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.