Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) Senior Officer Gary Duncan Brown sold 38,700 shares of Wheaton Precious Metals stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$74.98, for a total transaction of C$2,901,726.00.
Gary Duncan Brown also recently made the following trade(s):
- On Tuesday, March 19th, Gary Duncan Brown sold 1,857 shares of Wheaton Precious Metals stock. The stock was sold at an average price of C$58.96, for a total transaction of C$109,491.69.
Wheaton Precious Metals Trading Up 0.7 %
Shares of Wheaton Precious Metals stock opened at C$76.09 on Thursday. Wheaton Precious Metals Corp. has a 1 year low of C$52.15 and a 1 year high of C$78.15. The business’s fifty day simple moving average is C$68.15. The stock has a market capitalization of C$34.48 billion, a PE ratio of 46.68 and a beta of 0.66.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The company had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.802 earnings per share for the current fiscal year.
Wheaton Precious Metals Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be issued a $0.214 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.12%. Wheaton Precious Metals’s payout ratio is presently 52.15%.
Wall Street Analyst Weigh In
Several research firms have recently commented on WPM. Canaccord Genuity Group lifted their price objective on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a research note on Tuesday, April 23rd. National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research note on Wednesday, February 21st. National Bankshares lifted their price objective 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 note on Monday. Peel Hunt raised their target price on shares of Wheaton Precious Metals from C$74.00 to C$82.00 in a report on Tuesday, April 30th. Finally, Stifel Nicolaus raised their target price on shares of Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, April 19th.
Get Our Latest Stock Report on WPM
About Wheaton Precious Metals
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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