Wheaton Precious Metals (TSE:WPM) Releases Earnings Results

Wheaton Precious Metals (TSE:WPM) released its quarterly earnings results on Thursday. The company reported C$1.28 EPS for the quarter, FiscalAI reports. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%. The business had revenue of C$1.10 billion during the quarter.

Wheaton Precious Metals Stock Up 3.3%

Shares of WPM traded up C$6.21 during trading hours on Friday, reaching C$192.17. 881,267 shares of the company traded hands, compared to its average volume of 810,377. The stock has a market capitalization of C$87.28 billion, a PE ratio of 42.63 and a beta of 1.70. Wheaton Precious Metals has a fifty-two week low of C$135.29 and a fifty-two week high of C$226.68. The stock has a fifty day simple moving average of C$194.63 and a 200 day simple moving average of C$185.61.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were given a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio is currently 15.97%.

Insiders Place Their Bets

In other Wheaton Precious Metals news, insider Nikola Tatarkin sold 3,733 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total value of C$705,537.00. Following the transaction, the insider directly owned 30,756 shares in the company, valued at approximately C$5,812,884. This represents a 10.82% decrease in their position. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

WPM has been the topic of a number of analyst reports. Peel Hunt lowered their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. National Bank Financial upped their price objective on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus target price of C$203.86.

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.