Wheaton Precious Metals (TSE:WPM) Price Target Increased to C$95.00 by Analysts at Eight Capital

Wheaton Precious Metals (TSE:WPM) had its price objective lifted by Eight Capital from C$85.00 to C$95.00 in a report issued on Thursday, BayStreet.CA reports.

Several other equities research analysts have also recently commented on WPM. Canaccord Genuity Group raised their target price on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a research report on Tuesday, April 23rd. Peel Hunt raised their target price on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research report on Tuesday, April 30th. Stifel Nicolaus raised their target price on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a buy rating in a research report on Friday, April 19th. National Bankshares raised their target price on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the stock a sector perform rating in a research report on Monday, May 13th. Finally, Veritas Investment Research increased 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.

Wheaton Precious Metals Stock Up 1.7 %

Shares of WPM opened at C$80.81 on Thursday. The stock has a market cap of C$36.63 billion, a PE ratio of 45.66 and a beta of 0.63. The firm’s fifty day moving average price is C$74.81. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$81.12.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.49 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of C$391.32 million. On average, analysts predict that Wheaton Precious Metals will post 1.8465017 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 11th were paid a $0.214 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.06%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.02%.

Insider Buying and Selling at Wheaton Precious Metals

In other Wheaton Precious Metals news, Senior Officer Randy Smallwood sold 94,090 shares of the firm’s stock in a transaction dated 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. In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 38,700 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated 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. In the last ninety days, insiders sold 151,660 shares of company stock worth $11,281,465. 0.13% of the stock is owned by corporate 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.