Wheaton Precious Metals (WPM) Scheduled to Post Quarterly Earnings on Thursday

Wheaton Precious Metals (TSE:WPM) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Wheaton Precious Metals to post earnings of C$0.42 per share for the quarter.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.07. The company had revenue of C$426.80 million for the quarter, compared to analyst estimates of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%.

Wheaton Precious Metals Stock Up 1.9 %

WPM stock opened at C$73.48 on Tuesday. The firm has a 50 day simple moving average of C$65.54. The firm has a market capitalization of C$33.30 billion, a price-to-earnings ratio of 45.08 and a beta of 0.66. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$74.72.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a $0.21 dividend. The ex-dividend date was Tuesday, April 2nd. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. Wheaton Precious Metals’s dividend payout ratio is currently 52.15%.

Analysts Set New Price Targets

Several research analysts have weighed in on WPM shares. Stifel Nicolaus boosted their price target on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, April 19th. National Bank Financial downgraded Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. National Bankshares cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$75.00 to C$68.00 in a research report on Friday, February 23rd. Peel Hunt upped their price target on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research report on Tuesday, April 30th. Finally, Veritas Investment Research upped their price target on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th.

Insider Buying and Selling at Wheaton Precious Metals

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total value of C$1,156,052.80. In other news, Senior Officer Gary Duncan Brown sold 1,857 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the company’s 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. Insiders sold a total of 20,664 shares of company stock valued at $1,272,782 in the last ninety days. Insiders own 0.28% of the company’s stock.

Wheaton Precious Metals Company Profile

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.