Wheaton Precious Metals (TSE:WPM) had its target price hoisted by National Bank Financial from C$60.00 to C$70.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Wheaton Precious Metals’ Q3 2020 earnings at $0.31 EPS, FY2020 earnings at $1.18 EPS, FY2021 earnings at $1.20 EPS and FY2022 earnings at $1.20 EPS.
Several other analysts have also commented on the company. CSFB set a C$46.00 price objective on Wheaton Precious Metals and gave the company a neutral rating in a report on Thursday, May 7th. Credit Suisse Group reissued a neutral rating and issued a C$46.00 price objective on shares of Wheaton Precious Metals in a report on Thursday, May 7th. Finally, Eight Capital raised their price objective on Wheaton Precious Metals from C$42.50 to C$55.00 in a report on Tuesday, April 21st.
Wheaton Precious Metals stock opened at C$62.56 on Tuesday. The firm has a market cap of $28.10 billion and a price-to-earnings ratio of 230.85. Wheaton Precious Metals has a 52 week low of C$26.65 and a 52 week high of C$65.44. The business’s 50-day moving average price is C$52.77 and its 200 day moving average price is C$41.52. The company has a quick ratio of 1.11, a current ratio of 1.48 and a debt-to-equity ratio of 13.73.
Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Wednesday, March 11th. The company reported C$0.22 EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.01). The company had revenue of C$294.63 million during the quarter, compared to analysts’ expectations of C$308.02 million. Equities analysts expect that Wheaton Precious Metals will post 0.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be given a $0.139 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 21st. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.13. Wheaton Precious Metals’s dividend payout ratio (DPR) is 136.53%.
In other news, Senior Officer Patrick Eugene Drouin sold 37,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$60.42, for a total value of C$2,265,750.00. Also, Director John Brough sold 2,050 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$39.86, for a total value of C$81,714.44. In the last 90 days, insiders sold 223,355 shares of company stock worth $10,160,088.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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