Wheaton Precious Metals (TSE:WPM – Get Free Report) posted its quarterly earnings data on Thursday. The company reported C$1.28 earnings per share (EPS) for the quarter, FiscalAI reports. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%. The firm had revenue of C$1.10 billion for the quarter.
Wheaton Precious Metals Stock Up 1.2%
TSE:WPM opened at C$185.96 on Friday. Wheaton Precious Metals has a 12-month low of C$135.29 and a 12-month high of C$226.68. The firm has a market capitalization of C$84.46 billion, a P/E ratio of 41.25 and a beta of 1.70. The stock’s fifty day simple moving average is C$195.16 and its 200-day simple moving average is C$185.62.
Wheaton Precious Metals Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were given a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 15.97%.
Analyst Ratings Changes
WPM has been the subject of several research reports. National Bank Financial lifted their target price on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Peel Hunt dropped their target price on Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$203.86.
Insider Activity at Wheaton Precious Metals
In related news, insider Nikola Tatarkin sold 3,733 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the sale, the insider owned 30,756 shares in the company, valued at approximately C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. 0.13% of the stock is currently owned by company insiders.
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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