Equities Analysts Offer Predictions for Wheaton Precious Metals Corp. (WPM.TO)’s FY2022 Earnings (TSE:WPM)


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Wheaton Precious Metals Corp. (WPM.TO) (TSE:WPM) – Equities researchers at Raymond James issued their FY2022 EPS estimates for Wheaton Precious Metals Corp. (WPM.TO) in a research note issued to investors on Monday, April 5th. Raymond James analyst B. Macarthur expects that the company will earn $1.93 per share for the year. Raymond James has a “Outperform” rating and a $71.50 price objective on the stock.

Several other analysts also recently weighed in on WPM. JPMorgan Chase & Co. upped their price target on Wheaton Precious Metals Corp. (WPM.TO) from C$73.00 to C$75.00 and gave the stock an “overweight” rating in a research note on Monday, March 15th. Credit Suisse Group lowered their price objective on Wheaton Precious Metals Corp. (WPM.TO) to C$52.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 3rd. Canaccord Genuity lowered their price objective on Wheaton Precious Metals Corp. (WPM.TO) from C$82.00 to C$78.00 in a research report on Tuesday, February 9th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Wheaton Precious Metals Corp. (WPM.TO) in a research report on Friday, March 12th. Finally, CSFB lowered their price objective on Wheaton Precious Metals Corp. (WPM.TO) from C$62.00 to C$52.00 in a research report on Wednesday, March 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$72.64.

Wheaton Precious Metals Corp. (WPM.TO) stock opened at C$51.26 on Thursday. The company has a quick ratio of 6.37, a current ratio of 6.48 and a debt-to-equity ratio of 3.48. The company has a market capitalization of C$23.06 billion and a P/E ratio of 45.44. The stock’s 50 day moving average is C$48.09 and its 200 day moving average is C$54.82. Wheaton Precious Metals Corp. has a twelve month low of C$40.55 and a twelve month high of C$76.69.

In other news, Director John Brough sold 4,500 shares of the company’s stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of C$47.80, for a total value of C$215,094.60. Also, Director Douglas Martin Holtby sold 3,285 shares of the company’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of C$49.12, for a total value of C$161,359.86. Following the completion of the sale, the director now owns 43,157 shares of the company’s stock, valued at C$2,119,880.47. Insiders have sold a total of 134,015 shares of company stock worth $6,586,592 over the last three months.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 13th. Stockholders of record on Friday, March 26th will be issued a dividend of $0.166 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is a boost from Wheaton Precious Metals Corp. (WPM.TO)’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 25th. Wheaton Precious Metals Corp. (WPM.TO)’s dividend payout ratio is presently 37.23%.

About Wheaton Precious Metals Corp. (WPM.TO)

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, and palladium ores. It has agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Earnings History and Estimates for Wheaton Precious Metals Corp. (WPM.TO) (TSE:WPM)

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