Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) Director Chantal Gosselin sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the completion of the sale, the director now directly owns 900 shares of the company’s stock, valued at C$68,850.
Wheaton Precious Metals Stock Performance
Shares of TSE WPM opened at C$77.59 on Friday. The stock has a market cap of C$35.16 billion, a price-to-earnings ratio of 47.60 and a beta of 0.66. Wheaton Precious Metals Corp. has a twelve month low of C$52.15 and a twelve month high of C$78.15. The stock has a 50 day moving average price of C$68.83.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. The firm had revenue of C$426.80 million for the quarter, compared to the consensus estimate of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.802 earnings per share for the current year.
Wheaton Precious Metals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.214 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.10%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is presently 52.15%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on WPM. Veritas Investment Research raised their price objective on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Eight Capital lifted 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 report on Monday, April 22nd. Peel Hunt increased their price objective on Wheaton Precious Metals from C$74.00 to C$82.00 in a report on Tuesday, April 30th. Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a report on Tuesday, April 23rd. Finally, National Bankshares upped their target price on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th.
Check Out Our Latest Stock Analysis on Wheaton Precious Metals
Wheaton Precious Metals Company Profile
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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