Wheaton Precious Metals (TSE:WPM – Free Report) had its target price raised by Eight Capital from C$95.00 to C$100.00 in a report released on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.
Separately, Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$90.00 to C$100.00 in a report on Tuesday, July 23rd.
Get Our Latest Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Down 2.4 %
Wheaton Precious Metals (TSE:WPM – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.06. The company had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. On average, sell-side analysts anticipate that Wheaton Precious Metals will post 2.3504155 earnings per share for the current year.
Wheaton Precious Metals Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.214 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.01%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 49.12%.
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.
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