Key Points
- Insider buying: Wheaton Precious Metals insider Vincent Chun Yip Lau bought 225 shares at C$176.85 each, a total purchase of C$39,791.25. The trade increased his direct holdings by 26.79% to 1,065 shares.
- Recent company results: The company reported quarterly earnings of C$1.78 per share on revenue of C$1.25 billion, with a net margin of 65.55% and return on equity of 21.32%. Analysts expect full-year EPS of about 2.47.
- Dividend and analyst outlook: Wheaton announced a quarterly dividend of C$0.195 per share, payable June 9, for an annualized yield of 0.4%. Analysts remain broadly positive, with an average rating of Buy and an average target price of C$205.63.
Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) insider Vincent Chun Yip Lau purchased 225 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$176.85 per share, with a total value of C$39,791.25. Following the acquisition, the insider directly owned 1,065 shares of the company's stock, valued at C$188,345.25. This represents a 26.79% increase in their position.
Wheaton Precious Metals Stock Performance
Shares of WPM stock opened at C$179.39 on Friday. Wheaton Precious Metals Corp. has a 52-week low of C$107.14 and a 52-week high of C$226.68. The company has a 50-day simple moving average of C$187.71 and a two-hundred day simple moving average of C$176.84. The company has a market capitalization of C$81.47 billion, a price-to-earnings ratio of 45.33 and a beta of 1.38.
Wheaton Precious Metals (TSE:WPM - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$1.78 EPS for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. The firm had revenue of C$1.25 billion for the quarter. On average, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 2.4749013 EPS for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 17.44%.
Analysts Set New Price Targets
WPM has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Canaccord Genuity Group lifted their target price on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. TD Securities lifted their target price on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a "buy" rating in a research report on Monday, March 16th. BMO Capital Markets increased their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Finally, UBS Group upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of "Buy" and an average target price of C$205.63.
Check Out Our Latest Stock Report on Wheaton Precious Metals
About Wheaton Precious Metals
(
Get Free Report)
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.
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