Wheaton Precious Metals (NYSE:WPM – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01), Briefing.com reports. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. During the same period last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year.
Wheaton Precious Metals Price Performance
WPM stock opened at $73.82 on Friday. The business has a 50-day moving average price of $64.40 and a 200 day moving average price of $62.60. The company has a market capitalization of $33.49 billion, a P/E ratio of 55.09, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals has a 1-year low of $43.18 and a 1-year high of $74.93.
Wheaton Precious Metals Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be issued a $0.165 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is presently 46.27%.
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About Wheaton Precious Metals
Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.
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