Wheaton Precious Metals (NYSE:WPM) Issues Earnings Results

Wheaton Precious Metals (NYSE:WPM) 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%.

Wall Street Analyst Weigh In

WPM has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $71.67.

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.