Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$100.00 at Canaccord Genuity Group

Wheaton Precious Metals (TSE:WPM) had its price objective boosted by Canaccord Genuity Group from C$90.00 to C$100.00 in a report released on Tuesday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Veritas Investment Research lifted their price target on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Stifel Nicolaus upped their price target on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a buy rating in a report on Friday, April 19th. Peel Hunt increased their price target on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. Eight Capital boosted their price objective on shares of Wheaton Precious Metals from C$85.00 to C$95.00 in a research report on Thursday, July 11th. Finally, National Bankshares increased their target price on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the company a sector perform rating in a research report on Monday, May 13th.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$81.23 on Tuesday. The company has a fifty day moving average of C$76.29. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$86.22. The stock has a market capitalization of C$36.82 billion, a price-to-earnings ratio of 45.89 and a beta of 0.63.

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

Wheaton Precious Metals Increases Dividend

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

Insider Buying and Selling

In other news, Director Chantal Gosselin sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the transaction, the director now directly owns 900 shares in the company, valued at C$68,850. In other news, Director Chantal Gosselin sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$76.50, for a total value of C$153,000.00. Following the completion of the sale, the director now directly owns 900 shares of the company’s stock, valued at approximately C$68,850. Also, Director George Leslie Brack sold 370 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$74.99, for a total value of C$27,745.60. Insiders sold a total of 151,660 shares of company stock valued at $11,281,465 over the last three months. 0.13% of the stock is currently owned by company insiders.

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.