Wheaton Precious Metals (TSE:WPM) Announces Quarterly Earnings Results

Wheaton Precious Metals (TSE:WPM) issued its quarterly earnings data on Thursday. The company reported C$1.28 EPS for the quarter, FiscalAI reports. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%. The business had revenue of C$1.10 billion during the quarter.

Wheaton Precious Metals Stock Performance

WPM stock traded up C$2.23 during mid-day trading on Thursday, reaching C$185.96. 1,524,845 shares of the stock traded hands, compared to its average volume of 810,044. Wheaton Precious Metals has a one year low of C$135.29 and a one year high of C$226.68. The stock has a market capitalization of C$84.46 billion, a PE ratio of 41.25 and a beta of 1.70. The business has a 50-day moving average price of C$195.77 and a two-hundred day moving average price of C$185.64.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were given a dividend of $0.1950 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is 15.97%.

Analyst Ratings Changes

WPM has been the topic of several recent research reports. Peel Hunt decreased their target price on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. National Bank Financial lifted their price target on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Buy” and an average price target of C$203.86.

Insider Buying and Selling at Wheaton Precious Metals

In other news, insider Nikola Tatarkin sold 3,733 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the sale, the insider owned 30,756 shares in the company, valued at approximately C$5,812,884. This trade represents a 10.82% decrease in their position. Corporate insiders own 0.13% of the company’s stock.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.