Wheaton Precious Metals (TSE:WPM) Given New C$84.00 Price Target at Veritas Investment Research

Wheaton Precious Metals (TSE:WPM) had its price objective upped by Veritas Investment Research from C$67.00 to C$84.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Several other research firms have also weighed in on WPM. National Bank Financial lowered shares of Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a research note on Wednesday, February 21st. Stifel Nicolaus dropped their price target on shares of Wheaton Precious Metals from C$75.00 to C$72.00 and set a buy rating on the stock in a research note on Monday, March 18th. Finally, National Bankshares lowered shares of Wheaton Precious Metals from an outperform rating to a sector perform rating and dropped their price target for the stock from C$75.00 to C$68.00 in a research note on Friday, February 23rd.

Wheaton Precious Metals Stock Down 0.9 %

WPM stock opened at C$71.34 on Friday. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$74.72. The company has a market cap of C$32.32 billion, a P/E ratio of 44.59 and a beta of 0.66.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.42 by C$0.07. The business had revenue of C$426.80 million during the quarter, compared to the consensus estimate of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. Equities analysts predict that Wheaton Precious Metals will post 1.5534463 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 15th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 dividend on an annualized basis and a yield of 1.18%. Wheaton Precious Metals’s dividend payout ratio is 52.50%.

Insider Transactions at Wheaton Precious Metals

In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In related news, Senior Officer Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total transaction of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In the last three months, insiders sold 20,664 shares of company stock valued at $1,272,782. Company insiders own 0.17% of the company’s stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.