Key Points
- Insider sale: Nikola Tatarkin sold 3,733 Wheaton Precious Metals shares for approximately C$705,537, reducing his direct ownership by 10.82% to 30,756 shares.
- Financial performance: Wheaton reported quarterly EPS of C$1.69 and revenue of C$1.32 billion, with a 64.66% net margin and 22.96% return on equity.
- Investor outlook: The company declared a quarterly dividend of C$0.195 per share, while analysts maintain a consensus “Buy” rating and a C$194.62 price target.
Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) insider Nikola Tatarkin sold 3,733 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the completion of the sale, the insider directly owned 30,756 shares of the company's stock, valued at approximately C$5,812,884. This trade represents a 10.82% decrease in their ownership of the stock.
Wheaton Precious Metals Stock Performance
TSE:WPM opened at C$183.82 on Friday. The firm's 50-day moving average is C$162.52 and its 200-day moving average is C$180.53. Wheaton Precious Metals Corp. has a 52-week low of C$126.12 and a 52-week high of C$226.68. The company has a market cap of C$83.48 billion, a price-to-earnings ratio of 40.78 and a beta of 1.39.
Wheaton Precious Metals (TSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 EPS for the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%. The business had revenue of C$1.32 billion during the quarter. Equities analysts predict that Wheaton Precious Metals Corp. will post 2.4749013 EPS for the current year.
Wheaton Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be issued 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 dividend payout ratio is 15.97%.
Wall Street Analyst Weigh In
WPM has been the subject of a number of research reports. BMO Capital Markets raised their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Peel Hunt lowered their price objective on Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. Finally, National Bank Financial upped their target price on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an "outperform" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and a consensus price target of C$194.62.
Read Our Latest Stock Report on WPM
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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