Shares of Wheaton Precious Metals Corp. (TSE:WPM – Get Rating) shot up 2.6% during mid-day trading on Tuesday . The stock traded as high as C$47.79 and last traded at C$47.02. 1,393,520 shares traded hands during trading, an increase of 28% from the average session volume of 1,090,410 shares. The stock had previously closed at C$45.82.
Analyst Ratings Changes
Several brokerages recently issued reports on WPM. Raymond James reduced their price objective on Wheaton Precious Metals from C$52.00 to C$51.00 and set an "outperform" rating for the company in a report on Monday, August 22nd. National Bankshares cut their price target on Wheaton Precious Metals from C$70.00 to C$68.00 and set an "outperform" rating for the company in a report on Monday, August 15th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$65.50.
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Wheaton Precious Metals Stock Performance
The company has a market capitalization of C$20.97 billion and a price-to-earnings ratio of 21.20. The stock has a fifty day moving average price of C$42.63 and a two-hundred day moving average price of C$49.74. The company has a quick ratio of 20.58, a current ratio of 21.30 and a debt-to-equity ratio of 0.04.
Wheaton Precious Metals (TSE:WPM – Get Rating) last released its earnings results on Thursday, August 11th. The company reported C$0.42 EPS for the quarter, meeting the consensus estimate of C$0.42. The business had revenue of C$386.64 million during the quarter, compared to analyst estimates of C$389.71 million. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.14 EPS for the current fiscal year.
Wheaton Precious Metals Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Friday, August 26th were paid a $0.192 dividend. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, September 7th. This represents a $0.77 annualized dividend and a dividend yield of 1.65%. Wheaton Precious Metals's payout ratio is 27.40%.
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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