Wheaton Precious Metals (WPM) to Release Earnings on Thursday

Wheaton Precious Metals (TSE:WPMGet Rating) will post its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect Wheaton Precious Metals to post earnings of C$0.46 per share for the quarter.

Wheaton Precious Metals (TSE:WPMGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported C$0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.01. The business had revenue of C$389.19 million for the quarter, compared to analyst estimates of C$392.78 million.

Wheaton Precious Metals Stock Down 2.8 %

Shares of WPM opened at C$42.07 on Thursday. The stock has a market capitalization of C$18.99 billion and a PE ratio of 19.66. Wheaton Precious Metals has a 1 year low of C$40.52 and a 1 year high of C$65.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.61 and a current ratio of 3.70. The company’s 50-day simple moving average is C$47.74 and its 200-day simple moving average is C$53.68.

Wheaton Precious Metals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Friday, June 3rd were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 19th. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. Wheaton Precious Metals’s dividend payout ratio is presently 27.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WPM shares. Eight Capital raised their target price on shares of Wheaton Precious Metals from C$85.00 to C$86.00 and gave the company a “buy” rating in a report on Thursday, April 21st. National Bankshares reduced their target price on shares of Wheaton Precious Metals from C$75.00 to C$70.00 and set an “outperform” rating on the stock in a report on Thursday, July 21st. Canaccord Genuity Group raised their target price on shares of Wheaton Precious Metals from C$76.00 to C$81.00 in a report on Friday, April 22nd. Finally, KeyCorp raised their target price on shares of Wheaton Precious Metals to C$70.00 and gave the company an “overweight” rating in a report on Tuesday, April 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$67.69.

Insiders Place Their Bets

In other news, Director Eduardo Luna sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of C$52.61, for a total transaction of C$894,293.57. Following the transaction, the director now directly owns 93,053 shares in the company, valued at C$4,895,099.96.

Wheaton Precious Metals Company Profile

(Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

Featured Stories

Earnings History for Wheaton Precious Metals (TSE:WPM)

Want More Great Investing Ideas?

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.