Peel Hunt Cuts Wheaton Precious Metals (TSE:WPM) Price Target to C$187.00

Wheaton Precious Metals (TSE:WPM) had its price target trimmed by Peel Hunt from C$220.00 to C$187.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other research firms have also recently commented on WPM. Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets boosted their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$199.00.

Wheaton Precious Metals Stock Down 3.9%

Shares of WPM opened at C$152.48 on Wednesday. Wheaton Precious Metals has a twelve month low of C$125.80 and a twelve month high of C$226.68. The company has a market capitalization of C$69.24 billion, a P/E ratio of 38.53 and a beta of 1.40. The firm has a 50 day moving average of C$162.95 and a 200 day moving average of C$181.38.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%.The business had revenue of C$1.25 billion for the quarter. On average, sell-side analysts expect that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is currently 17.44%.

Insider Transactions at Wheaton Precious Metals

In related news, insider Vincent Chun Yip Lau bought 225 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of C$176.85 per share, with a total value of C$39,791.25. Following the completion of the purchase, the insider directly owned 1,065 shares of the company’s stock, valued at approximately C$188,345.25. This trade represents a 26.79% increase in their ownership of the stock. Corporate insiders own 0.13% of the company’s stock.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.