Wheaton Precious Metals (WPM) Set to Announce Earnings on Thursday

Wheaton Precious Metals (TSE:WPM) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.42 per share for the quarter.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate 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 firm had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million.

Wheaton Precious Metals Trading Up 0.6 %

WPM stock opened at C$73.90 on Wednesday. The business’s 50-day moving average price is C$65.95. The firm has a market capitalization of C$33.49 billion, a P/E ratio of 45.34 and a beta of 0.66. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$74.72.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $0.21 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.14%. Wheaton Precious Metals’s dividend payout ratio is currently 52.15%.

Analyst Ratings Changes

A number of brokerages have issued reports on WPM. National Bank Financial cut Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Stifel Nicolaus boosted their price target on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Eight Capital upped their price objective on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. National Bankshares cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$75.00 to C$68.00 in a research note on Friday, February 23rd. Finally, Peel Hunt increased their price target on Wheaton Precious Metals from C$74.00 to C$82.00 in a research report on Tuesday, April 30th.

Insider Buying and Selling

In other Wheaton Precious Metals news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. In related 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 value of C$1,156,052.80. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the business’s 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. Insiders sold 20,664 shares of company stock worth $1,272,782 in the last quarter. Insiders own 0.28% 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.