Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$84.00

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 published on Friday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus dropped their target price on shares of Wheaton Precious Metals from C$75.00 to C$72.00 and set a buy rating on the stock in a report on Monday, March 18th. National Bank Financial lowered shares of Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a research report on Wednesday, February 21st. 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 report on Friday, February 23rd.

Wheaton Precious Metals Trading Down 1.1 %

Shares of WPM opened at C$70.59 on Friday. The firm has a market capitalization of C$31.98 billion, a P/E ratio of 44.12 and a beta of 0.66. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$74.72.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.07. The firm had revenue of C$426.80 million for 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%. On average, research analysts expect that Wheaton Precious Metals will post 1.5534463 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a dividend of $0.21 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.84 annualized dividend and a dividend yield of 1.19%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 52.50%.

Insider Transactions at Wheaton Precious Metals

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the firm’s stock in a transaction that occurred on 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 other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the stock in a transaction that occurred on 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. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total transaction of C$109,491.69. Over the last 90 days, insiders sold 20,664 shares of company stock valued at $1,272,782. Corporate 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.