Wheaton Precious Stock Price, News & Analysis

Wheaton Precious Metals reported record revenue and earnings for the first nine months of 2021, achieving $923 million in revenue and adjusted net earnings of $460 million. The company declared a quarterly dividend of $0.15 per share, reflecting a 25% year-over-year increase. Year-to-date gold equivalent production guidance has been narrowed to 735,000 to 765,000 ounces, maintaining its long-term targets of 810,000 and 830,000 ounces for 2025 and 2030, respectively. Cash flow from operations reached $650 million, underscoring strong financial health.

Wheaton Precious Metals will release its 2021 third quarter results on November 4, 2021, following market close. A conference call is scheduled for November 5, 2021, at 11:00 am ET to discuss the results. Interested participants can join via phone or a live webcast. The results presentation will be available on their website prior to the call, and the conference will be recorded for later access until November 12, 2021. The archived webcast will be accessible for one year.

Wheaton Precious Metals will host an Investor Day webcast on September 22, 2021, at 8:30 AM ET. Key speakers include Randy Smallwood, President and CEO, along with the executive team and partners presenting technical details on various assets. Participants can join by phone or via a webcast URL. The event will be recorded, with availability until September 29, 2021, and the archived webcast accessible for one year.

Wheaton Precious Metals Corp. has declared a third quarterly cash dividend of US$0.15 per common share for 2021, reflecting a 50% increase compared to the same period in 2020. This marks the fourth consecutive quarterly dividend increase. The dividend will be payable to shareholders of record as of August 27, 2021, with a payment date on or about September 9, 2021. Wheaton's policy targets dividends at approximately 30% of operating cash flow, ensuring a minimum of US$0.13 per share for 2021.

Wheaton Precious Metals announced strong second-quarter financial results for 2021, generating record revenue of $330 million, a 33% increase from 2020. Operating cash flow reached $216 million, and net earnings increased by 57% year-over-year to $166 million. The company declared a quarterly dividend of $0.15 per share, marking a 50% increase compared to the prior year. Significant production growth was noted, with gold equivalent production rising 32% year-over-year. Wheaton continues to actively pursue corporate development, including the recent agreements for precious metals streams on various projects.

Wheaton Precious Metals will release its 2021 second quarter results on August 12, 2021, after market close. A conference call is scheduled for August 13, 2021, at 11:00 am ET to discuss these results. Participants can join via toll-free numbers for Canada and the US or from outside these regions. The live webcast will be available, and an archived version will be accessible for a year. Further details, including an accompanying slideshow, will be available on the Wheaton Precious Metals website.

Wheaton Precious Metals Corp. announced the election of its board of directors during the 2021 Annual and Special Meeting of Shareholders held on May 14, 2021. Key nominees included George L. Brack and Chantal Gosselin, with votes for Brack at 87.57% and Gosselin at 98.46%. Additionally, a non-binding advisory resolution regarding the company's executive compensation received 93.02% approval. These results indicate strong shareholder support for the current board and compensation strategies.

Wheaton Precious Metals Corp. has filed a new prospectus supplement for its at-the-market equity program, allowing it to issue up to US$300 million in common shares. This equity program is intended for the potential funding of precious metals purchase agreements and other corporate purposes. Notably, no shares have been issued under this program so far. The offering will be executed through various brokers on the NYSE and TSX, with sales occurring at prevailing market prices. Wheaton emphasizes its position as a leading precious metals streaming company, providing investors with a lower-risk investment profile.