Stifel Nicolaus Raises Wheaton Precious Metals (TSE:WPM) Price Target to C$80.00

Wheaton Precious Metals (TSE:WPM) had its price objective lifted by Stifel Nicolaus from C$72.00 to C$80.00 in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the stock. National Bankshares cut shares of Wheaton Precious Metals from an outperform rating to a sector perform rating and reduced their target price for the company from C$75.00 to C$68.00 in a report on Friday, February 23rd. National Bank Financial cut shares of Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a report on Wednesday, February 21st. Finally, Veritas Investment Research raised their target price on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th.

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$72.38 on Friday. The firm has a market capitalization of C$32.79 billion, a PE ratio of 45.24 and a beta of 0.66. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$74.72. The stock’s 50-day simple moving average is C$63.09.

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, beating 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 analysts’ expectations 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, equities research analysts forecast that Wheaton Precious Metals will post 1.5534463 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a $0.21 dividend. 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 yield of 1.16%. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio is currently 52.50%.

Insider Buying and Selling at Wheaton Precious Metals

In other Wheaton Precious Metals news, 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 value of C$109,491.69. 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. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. Insiders have sold 20,664 shares of company stock worth $1,272,782 over the last three months. Insiders own 0.17% 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.