Wheaton Precious Metals Corp. (TSE:WPM) to Post Q1 2022 Earnings of $0.47 Per Share, Raymond James Forecasts

Wheaton Precious Metals Corp. (TSE:WPM – Get Rating) – Investment analysts at Raymond James increased their Q1 2022 EPS estimates for shares of Wheaton Precious Metals in a research note issued on Tuesday, April 19th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.47 for the quarter, up from their previous forecast of $0.45. Raymond James has a “Outperform” rating and a $70.00 price objective on the stock. Raymond James also issued estimates for Wheaton Precious Metals’ Q2 2022 earnings at $0.45 EPS, Q3 2022 earnings at $0.48 EPS, Q4 2022 earnings at $0.48 EPS, FY2022 earnings at $1.86 EPS, Q1 2023 earnings at $0.45 EPS, Q2 2023 earnings at $0.44 EPS, Q3 2023 earnings at $0.47 EPS and Q4 2023 earnings at $0.48 EPS.

A number of other analysts also recently commented on the company. National Bankshares increased their price target on Wheaton Precious Metals from C$68.00 to C$75.00 in a research report on Wednesday. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Tuesday, February 8th. They issued a “buy” rating and a C$51.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Wheaton Precious Metals from C$68.00 to C$64.00 in a research note on Thursday, February 10th. Peel Hunt dropped their price objective on Wheaton Precious Metals from C$77.00 to C$70.00 and set a “buy” rating for the company in a research note on Monday, February 14th. Finally, KeyCorp lifted their price target on Wheaton Precious Metals to C$70.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$65.83.

Shares of TSE:WPM opened at C$64.62 on Thursday. Wheaton Precious Metals has a 52-week low of C$45.76 and a 52-week high of C$65.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.00 and a current ratio of 8.41. The business’s 50 day simple moving average is C$59.64 and its two-hundred day simple moving average is C$54.39. The firm has a market cap of C$29.15 billion and a P/E ratio of 30.64.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 24th were issued a $0.19 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, March 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.18%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 35.56%.

In other Wheaton Precious Metals news, Senior Officer Randy Smallwood sold 35,000 shares of Wheaton Precious Metals stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of C$60.68, for a total value of C$2,123,863.00. Following the transaction, the insider now directly owns 284,200 shares of the company’s stock, valued at C$17,245,767.56. Also, Senior Officer Haytham Henry Hodaly sold 47,050 shares of Wheaton Precious Metals stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of C$60.05, for a total transaction of C$2,825,187.83. In the last ninety days, insiders sold 135,751 shares of company stock valued at $8,228,933.

About Wheaton Precious Metals (Get Rating)

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 23 operating mining assets and 10 development stage projects. The company was formerly known as Silver Wheaton Corp.

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