Wheaton Precious Metals (TSE:WPM) had its price objective decreased by research analysts at National Bank Financial from C$52.00 to C$50.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 20.11% from the stock’s current price.
Shares of Wheaton Precious Metals stock opened at C$41.63 on Wednesday. The company has a debt-to-equity ratio of 16.50, a current ratio of 2.39 and a quick ratio of 1.72. Wheaton Precious Metals has a fifty-two week low of C$26.50 and a fifty-two week high of C$45.00. The firm has a fifty day moving average price of C$39.27 and a two-hundred day moving average price of C$37.23. The company has a market cap of $16.71 billion and a PE ratio of 219.11.
In other Wheaton Precious Metals news, Senior Officer Randy Smallwood acquired 9,775 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was bought at an average price of C$39.86 per share, for a total transaction of C$389,638.34. Following the purchase, the insider now owns 208,750 shares in the company, valued at approximately C$8,320,921.13. Also, Director John Brough sold 4,705 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of C$36.84, for a total transaction of C$173,347.73. Over the last three months, insiders sold 95,955 shares of company stock valued at $3,579,892.
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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