Weekly Analysts’ Ratings Changes for Wheaton Precious Metals (WPM)

A number of firms have modified their ratings and price targets on shares of Wheaton Precious Metals (TSE: WPM) recently:

• 4/30/2024 – Wheaton Precious Metals had its price target raised by analysts at Peel Hunt from C$74.00 to C$82.00.
• 4/23/2024 – Wheaton Precious Metals had its price target raised by analysts at Canaccord Genuity Group Inc. from C$80.00 to C$90.00.
• 4/22/2024 – Wheaton Precious Metals had its price target raised by analysts at Eight Capital from C$82.50 to C$85.00. They now have a “buy” rating on the stock.
• 4/19/2024 – Wheaton Precious Metals had its price target raised by analysts at Stifel Nicolaus from C$72.00 to C$80.00. They now have a “buy” rating on the stock.
• 4/12/2024 – Wheaton Precious Metals had its price target raised by analysts at Veritas Investment Research from C$67.00 to C$84.00.
• 3/18/2024 – Wheaton Precious Metals had its price target lowered by analysts at Stifel Nicolaus from C$75.00 to C$72.00. They now have a “buy” rating on the stock.

Wheaton Precious Metals Trading Up 0.6 %

WPM traded up C$0.42 during midday trading on Tuesday, hitting C$73.90. 396,215 shares of the company’s stock traded hands, compared to its average volume of 802,703. The stock 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 Corp. has a one year low of C$52.15 and a one year high of C$74.72. The company’s fifty day moving average price is C$65.54.

Wheaton Precious Metals (TSE:WPM) last posted its 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. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. The firm had revenue of C$426.80 million during the quarter, compared to analyst estimates of C$381.95 million. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.802 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed 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 represents a $0.84 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s payout ratio is currently 52.15%.

Insider Buying and Selling at Wheaton Precious Metals

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the business’s stock in a transaction dated 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 the stock in a transaction 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 Wheaton Precious Metals stock in a transaction dated 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 have sold 20,664 shares of company stock valued at $1,272,782 in the last 90 days. 0.28% of the stock is currently owned by insiders.

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.