Wheaton Precious Metals (NYSE:WPM – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04, Briefing.com reports. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The company had revenue of $299.06 million during the quarter, compared to analyst estimates of $309.54 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year.
Wheaton Precious Metals Stock Performance
Shares of WPM stock opened at $55.83 on Friday. Wheaton Precious Metals has a 52 week low of $38.37 and a 52 week high of $63.06. The company’s 50 day moving average price is $55.89 and its two-hundred day moving average price is $51.31. The company has a market capitalization of $25.33 billion, a P/E ratio of 42.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76.
Wheaton Precious Metals Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.11%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 47.69%.
Analysts Set New Price Targets
WPM has been the subject of a number of research reports. BMO Capital Markets raised their price objective on Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Scotiabank upped their price objective on Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. CIBC raised their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Bank of America increased their price objective on Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, Jefferies Financial Group boosted their target price on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average price target of $65.00.
Get Our Latest Research Report on Wheaton Precious Metals
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.
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