Canaccord Genuity Group Boosts Wheaton Precious Metals (TSE:WPM) Price Target to C$90.00

Wheaton Precious Metals (TSE:WPM) had its target price boosted by Canaccord Genuity Group from C$80.00 to C$90.00 in a research note released on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts have also commented on the company. 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 research note on Friday, April 19th. National Bank Financial downgraded Wheaton Precious Metals from an outperform market weight rating to a sector perform overweight rating in a report on Wednesday, February 21st. National Bankshares downgraded Wheaton Precious Metals from an outperform rating to a sector perform rating and decreased their price target for the stock from C$75.00 to C$68.00 in a report on Friday, February 23rd. Veritas Investment Research boosted their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. Finally, Eight Capital boosted their price objective on Wheaton Precious Metals from C$82.50 to C$85.00 and gave the stock a buy rating in a research report on Monday, April 22nd.

Wheaton Precious Metals Trading Up 0.5 %

TSE WPM opened at C$73.79 on Tuesday. The firm has a 50 day moving average of C$63.87. Wheaton Precious Metals has a 12 month low of C$52.15 and a 12 month high of C$74.72. The firm has a market cap of C$33.43 billion, a P/E ratio of 46.12 and a beta of 0.66.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$426.80 million for the quarter, compared to analysts’ expectations of C$381.95 million. As a group, equities analysts predict that Wheaton Precious Metals will post 1.5534463 EPS 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. Stockholders of record on Monday, April 15th were given a $0.21 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 52.50%.

Insider Activity at Wheaton Precious Metals

In other Wheaton Precious Metals 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 Wheaton Precious Metals 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. Also, Senior Officer Gary Duncan Brown sold 1,857 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total value of C$109,491.69. Insiders have sold 20,664 shares of company stock worth $1,272,782 over the last ninety days. 0.17% of the stock is owned by corporate 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.