Wheaton Precious Metals Corp (TSE:WPM) Senior Officer Bettina Joan Charpentier Sells 2,800 Shares

Wheaton Precious Metals Corp (TSE:WPM) Senior Officer Bettina Joan Charpentier sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$36.00, for a total value of C$100,800.00. Following the completion of the sale, the insider now owns 3,800 shares in the company, valued at C$136,800.

Shares of WPM stock traded up C$0.15 during mid-day trading on Wednesday, hitting C$35.24. 1,600,183 shares of the stock traded hands, compared to its average volume of 1,079,628. Wheaton Precious Metals Corp has a twelve month low of C$19.87 and a twelve month high of C$37.29. The stock has a market capitalization of $15.66 billion and a price-to-earnings ratio of -587.33. The stock’s 50-day simple moving average is C$33.66. The company has a current ratio of 3.65, a quick ratio of 3.54 and a debt-to-equity ratio of 21.52.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.14. The firm had revenue of C$253.45 million for the quarter, compared to analyst estimates of C$258.25 million. Equities analysts forecast that Wheaton Precious Metals Corp will post 0.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.119 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. Wheaton Precious Metals’s dividend payout ratio (DPR) is -600.00%.

Several analysts recently commented on the company. Canaccord Genuity raised their target price on Wheaton Precious Metals from C$41.00 to C$43.00 in a research report on Friday, July 19th. Eight Capital raised their target price on Wheaton Precious Metals from C$35.00 to C$42.50 in a research report on Thursday, August 8th. National Bank Financial restated an “outperform” rating and issued a C$42.00 target price on shares of Wheaton Precious Metals in a research report on Friday, August 9th. Finally, CSFB lifted their price target on Wheaton Precious Metals from C$34.00 to C$38.00 in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$35.79.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

Further Reading: Outperform Rating

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