Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$210.00

Wheaton Precious Metals (TSE:WPM) had its price target increased by National Bank Financial from C$205.00 to C$210.00 in a research note released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

WPM has been the subject of a number of other reports. Peel Hunt dropped their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. BMO Capital Markets upped their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus increased their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$194.62.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at C$187.84 on Monday. The company has a 50-day simple moving average of C$162.41 and a two-hundred day simple moving average of C$180.64. The stock has a market capitalization of C$85.31 billion, a PE ratio of 41.67 and a beta of 1.39. Wheaton Precious Metals has a 52-week low of C$126.12 and a 52-week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. The firm had revenue of C$1.32 billion for the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%. As a group, equities research analysts forecast that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be given a $0.195 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is presently 15.97%.

Insider Activity

In other news, insider Vincent Chun Yip Lau bought 225 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$176.85 per share, for a total transaction of C$39,791.25. Following the completion of the acquisition, the insider 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.

Wheaton Precious Metals Company Profile

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.