Wheaton Precious Metals (TSE:WPM) Issues Earnings Results

Wheaton Precious Metals (TSE:WPMGet 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

In other news, insider Vincent Chun Yip Lau bought 225 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$176.85 per share, for a total transaction of C$39,791.25. Following the completion of the transaction, the insider owned 1,065 shares in the company, valued at C$188,345.25. This trade represents a 26.79% increase in their ownership of the stock. Corporate insiders own 0.13% of the company’s stock.

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

(Get Free Report)

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.

See Also

Earnings History for Wheaton Precious Metals (TSE:WPM)

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.