Insider Selling: Wheaton Precious Metals (TSE:WPM) Insider Sells C$705,537.00 in Stock

Wheaton Precious Metals Corp. (TSE:WPM) insider Nikola Tatarkin sold 3,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total value of C$705,537.00. Following the completion of the sale, the insider directly owned 30,756 shares in the company, valued at approximately C$5,812,884. The trade was a 10.82% decrease in their position.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at C$186.25 on Friday. The stock has a fifty day moving average of C$163.00 and a two-hundred day moving average of C$180.57. The company has a market capitalization of C$84.59 billion, a price-to-earnings ratio of 41.32 and a beta of 1.39. Wheaton Precious Metals Corp. has a fifty-two week low of C$126.12 and a fifty-two week high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 earnings per share for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.The company had revenue of C$1.32 billion during the quarter. On average, analysts forecast that Wheaton Precious Metals Corp. will post 2.4749013 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be paid a $0.195 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is presently 15.97%.

Analyst Ratings Changes

A number of research analysts have issued reports on WPM shares. Peel Hunt reduced their target price on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. National Bank Financial lifted their price target on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, BMO Capital Markets boosted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$194.62.

About Wheaton Precious Metals

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.