Wheaton Precious Metals (WPM) Scheduled to Post Earnings on Thursday

Wheaton Precious Metals (TSE:WPM) will be issuing its quarterly 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 issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.07. The company had revenue of C$426.80 million for the quarter, compared to analysts’ expectations of C$381.95 million. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%.

Wheaton Precious Metals Trading Up 1.6 %

Shares of WPM opened at C$72.85 on Thursday. The business has a 50-day simple moving average of C$64.61. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$74.72. The stock has a market capitalization of C$33.01 billion, a PE ratio of 45.53 and a beta of 0.66.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors 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 of this dividend was Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.15%. Wheaton Precious Metals’s payout ratio is presently 52.50%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WPM shares. Veritas Investment Research lifted their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. National Bank Financial cut Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday, February 21st. Stifel Nicolaus lifted 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 report on Friday, April 19th. Peel Hunt raised their target price on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a report on Tuesday. Finally, Eight Capital upped their price objective on Wheaton Precious Metals from C$82.50 to C$85.00 and gave the company a “buy” rating in a research report on Monday, April 22nd.

Insider Activity at Wheaton Precious Metals

In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’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 value of C$109,491.69. In related news, Senior Officer Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. Insiders have sold a total of 20,664 shares of company stock valued at $1,272,782 over the last quarter. 0.17% of the stock is owned by corporate insiders.

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.