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.
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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