Wheaton Precious Metals (TSE:WPM) Price Target Increased to C$82.00 by Analysts at Peel Hunt

Wheaton Precious Metals (TSE:WPM) had its price objective increased by Peel Hunt from C$74.00 to C$82.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on WPM. Veritas Investment Research increased their price objective on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a research note on Friday, April 12th. National Bank Financial downgraded shares of Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a research note on Wednesday, February 21st. Stifel Nicolaus increased their price objective on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a buy rating in a research note on Friday, April 19th. National Bankshares downgraded shares of Wheaton Precious Metals from an outperform rating to a sector perform rating and dropped their price objective for the company from C$75.00 to C$68.00 in a research note on Friday, February 23rd. Finally, Canaccord Genuity Group increased their price objective on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a research note on Tuesday, April 23rd.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at C$71.72 on Tuesday. The company has a market cap of C$32.49 billion, a P/E ratio of 44.83 and a beta of 0.66. The stock has a 50-day moving average of C$64.44. 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 issued its earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The business had revenue of C$426.80 million for the quarter, compared to the consensus estimate of C$381.95 million. As a group, analysts expect that Wheaton Precious Metals will post 1.5534463 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.21 per share. This is a boost 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 dividend on an annualized basis and a yield of 1.17%. Wheaton Precious Metals’s dividend payout ratio is presently 52.50%.

Insiders Place Their Bets

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction 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 Wheaton Precious Metals stock in a transaction 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 Wheaton Precious Metals stock in a transaction 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. Over the last quarter, insiders sold 20,664 shares of company stock valued at $1,272,782. 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.