Wheaton Precious Metals (TSE:WPM) Insider Buys C$39,791.25 in Stock

Wheaton Precious Metals Corp. (TSE:WPM) insider Vincent Chun Yip Lau acquired 225 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$176.85 per share, for a total transaction of C$39,791.25. Following the acquisition, the insider directly owned 1,065 shares of the company’s stock, valued at approximately C$188,345.25. The trade was a 26.79% increase in their ownership of the stock.

Wheaton Precious Metals Stock Down 6.1%

Shares of TSE:WPM traded down C$11.66 during midday trading on Friday, reaching C$179.39. The company’s stock had a trading volume of 699,869 shares, compared to its average volume of 800,728. The firm has a market cap of C$81.47 billion, a price-to-earnings ratio of 45.33 and a beta of 1.38. The business has a 50 day moving average price of C$187.71 and a 200 day moving average price of C$176.84. Wheaton Precious Metals Corp. has a 1 year low of C$107.14 and a 1 year high of C$226.68.

Wheaton Precious Metals (TSE:WPM) last released its earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share for the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%.The firm had revenue of C$1.25 billion for the quarter. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is presently 17.44%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WPM. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. National Bank Financial increased their price target on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. TD Securities lifted their price target on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Peel Hunt boosted their price objective on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research note on Monday, February 2nd. Finally, BMO Capital Markets upped their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a report on Wednesday, April 22nd. One 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 has an average rating of “Buy” and a consensus price target of C$205.63.

About Wheaton Precious Metals

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.