Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$80.00

Wheaton Precious Metals (TSE:WPM – Get Rating) had its target price hoisted by National Bank Financial to C$80.00 in a research note released on Monday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. National Bankshares increased their target price on Wheaton Precious Metals from C$72.50 to C$80.00 and gave the stock an outperform rating in a report on Monday. Canaccord Genuity Group boosted their price target on Wheaton Precious Metals from C$67.00 to C$75.00 in a research report on Tuesday, April 4th. Stifel Nicolaus boosted their price target on Wheaton Precious Metals from C$66.00 to C$75.00 in a research note on Thursday, April 20th. Finally, CSFB lowered their price target on shares of Wheaton Precious Metals from C$65.00 to C$60.00 in a report on Thursday, March 2nd.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at C$69.36 on Monday. The company’s fifty day simple moving average is C$63.95 and its 200-day simple moving average is C$57.47. The company has a market cap of C$31.39 billion, a PE ratio of 34.34, a P/E/G ratio of 3.76 and a beta of 0.45. Wheaton Precious Metals has a 52 week low of C$39.05 and a 52 week high of C$71.39. The company has a current ratio of 23.44, a quick ratio of 17.67 and a debt-to-equity ratio of 0.03.

Wheaton Precious Metals (TSE:WPM – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The company reported C$0.31 EPS for the quarter, missing analysts’ consensus estimates of C$0.32 by C($0.01). The company had revenue of C$320.49 million for the quarter, compared to the consensus estimate of C$326.23 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 62.83%. As a group, equities research analysts anticipate that Wheaton Precious Metals will post 1.5909091 EPS for the current year.

Wheaton Precious Metals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be paid a $0.203 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.17%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 40.10%.

Insider Activity at Wheaton Precious Metals

In other news, Director Chantal Gosselin sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of C$65.70, for a total value of C$197,085.00. 0.44% of the stock is currently owned by corporate insiders.

About Wheaton Precious Metals

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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.