Insider Selling: Wheaton Precious Metals Corp. (TSE:WPM) Senior Officer Sells C$6,934,433.00 in Stock

Wheaton Precious Metals Corp. (TSE:WPMGet Free Report) Senior Officer Randy Smallwood sold 94,090 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$73.70, for a total transaction of C$6,934,433.00.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$72.58 on Friday. The company has a market cap of C$32.90 billion, a PE ratio of 41.01 and a beta of 0.63. Wheaton Precious Metals Corp. has a 52-week low of C$52.15 and a 52-week high of C$78.95. The stock’s 50 day simple moving average is C$74.13.

Wheaton Precious Metals (TSE:WPMGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.09. The firm had revenue of C$400.14 million for the quarter, compared to analysts’ expectations of C$391.32 million. Wheaton Precious Metals had a return on equity of 8.50% and a net margin of 53.74%. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.8465017 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.214 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is presently 48.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WPM. Peel Hunt boosted their price target on Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. Veritas Investment Research boosted their price target on Wheaton Precious Metals from C$67.00 to C$84.00 in a research note on Friday, April 12th. Eight Capital boosted their price target on Wheaton Precious Metals from C$82.50 to C$85.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Canaccord Genuity Group boosted their target price on Wheaton Precious Metals from C$80.00 to C$90.00 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their target price on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, April 19th.

Check Out Our Latest Report on WPM

Wheaton Precious Metals Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Wheaton Precious Metals (TSE:WPM)

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