Wheaton Precious Metals Corp. (TSE:WPM – Get Rating) – National Bank Financial upped their Q2 2022 EPS estimates for Wheaton Precious Metals in a note issued to investors on Wednesday, July 20th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.41. The consensus estimate for Wheaton Precious Metals’ current full-year earnings is $1.21 per share.

Wheaton Precious Metals (TSE:WPM – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported C$0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.01. The firm had revenue of C$389.19 million during the quarter, compared to analysts’ expectations of C$392.78 million.

Several other analysts have also commented on the company. Eight Capital raised their price objective on Wheaton Precious Metals from C$85.00 to C$86.00 and gave the company a “buy” rating in a report on Thursday, April 21st. KeyCorp boosted their price objective on Wheaton Precious Metals to C$70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 19th. National Bankshares lowered their price objective on Wheaton Precious Metals from C$75.00 to C$70.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group boosted their price objective on Wheaton Precious Metals from C$76.00 to C$81.00 in a research note on Friday, April 22nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus price target of C$67.69.

Wheaton Precious Metals Stock Down 0.3 %

Shares of WPM stock opened at C$41.97 on Friday. The stock has a 50 day moving average of C$49.38 and a 200 day moving average of C$54.09. The company has a current ratio of 3.70, a quick ratio of 3.61 and a debt-to-equity ratio of 0.04. The stock has a market cap of C$18.95 billion and a P/E ratio of 19.43. Wheaton Precious Metals has a twelve month low of C$41.57 and a twelve month high of C$65.45.

Wheaton Precious Metals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Friday, June 3rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, May 19th. Wheaton Precious Metals’s payout ratio is 27.31%.

Insider Activity

In related news, Director Eduardo Luna sold 13,000 shares of Wheaton Precious Metals stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of C$52.44, for a total value of C$681,684.82. Following the completion of the transaction, the director now owns 80,053 shares in the company, valued at C$4,197,762.70.

About Wheaton Precious Metals

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Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

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