Wheaton Precious Metals (TSE:WPM) Given New C$95.00 Price Target at Eight Capital

Wheaton Precious Metals (TSE:WPM) had its price target lifted by Eight Capital from C$85.00 to C$95.00 in a report released on Thursday morning, BayStreet.CA reports.

WPM has been the subject of a number of other reports. National Bankshares lifted their price objective on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the stock a sector perform rating in a research report on Monday, May 13th. Peel Hunt lifted their target price on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a report on Tuesday, April 30th. Canaccord Genuity Group increased their price target on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a report on Tuesday, April 23rd. Veritas Investment Research boosted their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Finally, Stifel Nicolaus increased their target price on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a buy rating in a research note on Friday, April 19th.

Wheaton Precious Metals Price Performance

Shares of TSE:WPM opened at C$81.21 on Thursday. Wheaton Precious Metals has a 52-week low of C$52.15 and a 52-week high of C$81.43. The firm has a market cap of C$36.81 billion, a P/E ratio of 45.88 and a beta of 0.63. The firm has a 50-day moving average price of C$74.99.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.09. Wheaton Precious Metals had a return on equity of 8.50% and a net margin of 53.74%. The firm had revenue of C$400.14 million for the quarter, compared to analyst estimates of C$391.32 million. Equities research analysts anticipate that Wheaton Precious Metals will post 1.8465017 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 11th were issued a $0.214 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.05%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.21. Wheaton Precious Metals’s payout ratio is currently 48.02%.

Insider Transactions at Wheaton Precious Metals

In related news, Senior Officer Randy Smallwood sold 94,090 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$73.70, for a total value of C$6,934,433.00. In related news, Senior Officer Randy Smallwood sold 94,090 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$73.70, for a total transaction of C$6,934,433.00. Also, Senior Officer Gary Duncan Brown sold 38,700 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$74.98, for a total transaction of C$2,901,726.00. Over the last ninety days, insiders have sold 151,660 shares of company stock valued at $11,281,465. 0.13% of the stock is currently owned by company insiders.

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.