Wheaton Precious Metals (TSE:WPM – Get Free Report) announced its earnings results on Thursday. The company reported C$1.69 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%.
Wheaton Precious Metals Price Performance
WPM opened at C$175.79 on Friday. The stock has a market cap of C$79.83 billion, a P/E ratio of 44.43 and a beta of 1.39. The stock’s 50 day simple moving average is C$161.81 and its 200 day simple moving average is C$180.84. Wheaton Precious Metals has a 1-year low of C$126.12 and a 1-year high of C$226.68.
Wheaton Precious Metals Dividend Announcement
The company also recently declared 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 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals’s payout ratio is 17.44%.
Insider Transactions at Wheaton Precious Metals
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on WPM. Peel Hunt decreased their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. BMO Capital Markets lifted their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus increased their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$199.00.
Get Our Latest Stock Analysis on Wheaton Precious Metals
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.
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