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

Wheaton Precious Metals (TSE:WPM) is set to announce its earnings results 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 posted its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. The company had revenue of C$426.80 million during the quarter, compared to analyst estimates 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 1.9 %

Wheaton Precious Metals stock opened at C$73.48 on Tuesday. The company has a market cap of C$33.30 billion, a price-to-earnings ratio of 45.08 and a beta of 0.66. The business has a fifty day simple moving average of C$65.54. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$74.72.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $0.21 dividend. This is a positive change 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 (DPR) is presently 52.15%.

Analyst Ratings Changes

A number of analysts have commented on WPM shares. Veritas Investment Research lifted their target price on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Eight Capital lifted their price objective on Wheaton Precious Metals from C$82.50 to C$85.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their price objective on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, April 19th. National Bankshares lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$75.00 to C$68.00 in a report on Friday, February 23rd. Finally, Peel Hunt lifted their price objective on Wheaton Precious Metals from C$74.00 to C$82.00 in a report on Tuesday, April 30th.

Insider Activity at Wheaton Precious Metals

In related news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction on 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 other 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 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 dated Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total value of C$109,491.69. Over the last three months, insiders have sold 20,664 shares of company stock worth $1,272,782. Corporate insiders own 0.28% of the company’s stock.

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.