Wheaton Precious Metals Corp. (WPM.TO) (TSE:WPM) – Investment analysts at Raymond James decreased their Q2 2021 earnings per share (EPS) estimates for Wheaton Precious Metals Corp. (WPM.TO) in a research note issued to investors on Monday, April 5th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.48 per share for the quarter, down from their previous forecast of $0.53. Raymond James currently has a “Outperform” rating and a $62.00 price objective on the stock. Raymond James also issued estimates for Wheaton Precious Metals Corp. (WPM.TO)’s Q3 2021 earnings at $0.53 EPS, Q4 2021 earnings at $0.55 EPS, FY2021 earnings at $2.02 EPS, Q1 2022 earnings at $0.48 EPS, Q2 2022 earnings at $0.48 EPS, Q3 2022 earnings at $0.48 EPS and Q4 2022 earnings at $0.48 EPS.

A number of other research firms have also issued reports on WPM. Credit Suisse Group decreased their price objective on Wheaton Precious Metals Corp. (WPM.TO) to C$52.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 3rd. JPMorgan Chase & Co. upped their target price on Wheaton Precious Metals Corp. (WPM.TO) from C$73.00 to C$75.00 and gave the stock an “overweight” rating in a research note on Monday, March 15th. Royal Bank of Canada restated an “outperform” rating on shares of Wheaton Precious Metals Corp. (WPM.TO) in a research note on Friday, March 12th. CSFB decreased their target price on Wheaton Precious Metals Corp. (WPM.TO) from C$62.00 to C$52.00 in a research note on Wednesday, March 3rd. Finally, Canaccord Genuity decreased their target price on Wheaton Precious Metals Corp. (WPM.TO) from C$82.00 to C$78.00 in a research note on Tuesday, February 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Wheaton Precious Metals Corp. (WPM.TO) currently has an average rating of “Buy” and a consensus target price of C$71.29.

TSE:WPM opened at C$52.03 on Wednesday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 6.37 and a current ratio of 6.48. Wheaton Precious Metals Corp. has a 52-week low of C$40.55 and a 52-week high of C$76.69. The firm has a market cap of C$23.40 billion and a price-to-earnings ratio of 46.13. The business’s fifty day moving average is C$48.07 and its 200 day moving average is C$54.90.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 13th. Stockholders of record on Friday, March 26th will be issued a $0.166 dividend. This is a boost from Wheaton Precious Metals Corp. (WPM.TO)’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 25th. Wheaton Precious Metals Corp. (WPM.TO)’s dividend payout ratio is presently 37.23%.

In related news, Senior Officer Randy Smallwood sold 114,800 shares of the stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of C$49.34, for a total transaction of C$5,664,404.20. Following the completion of the sale, the insider now directly owns 343,950 shares in the company, valued at approximately C$16,971,008.93. Also, Senior Officer Curzio Domenico Bernardi sold 4,075 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of C$49.12, for a total value of C$200,164.82. Following the sale, the insider now owns 5,900 shares of the company’s stock, valued at C$289,809.18. Insiders sold a total of 134,015 shares of company stock valued at $6,586,592 over the last quarter.

Wheaton Precious Metals Corp. (WPM.TO) Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, and palladium ores. It has agreements for 20 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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Earnings History and Estimates for Wheaton Precious Metals Corp. (WPM.TO) (TSE:WPM)

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