Wheaton Precious Metals Corp (TSE:WPM) Senior Officer Gary Duncan Brown Sells 67,700 Shares of Stock

Wheaton Precious Metals Corp (TSE:WPM) Senior Officer Gary Duncan Brown sold 67,700 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$35.69, for a total transaction of C$2,416,213.00. Following the completion of the transaction, the insider now owns 56,144 shares of the company’s stock, valued at C$2,003,779.36.

Shares of WPM stock traded down C$0.18 during trading on Thursday, hitting C$35.95. 230,796 shares of the company were exchanged, compared to its average volume of 1,063,854. The firm has a market capitalization of $16.08 billion and a price-to-earnings ratio of -601.00. The business’s 50-day simple moving average is C$34.27 and its 200 day simple moving average is C$30.81. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.54 and a current ratio of 3.65. Wheaton Precious Metals Corp has a twelve month low of C$19.87 and a twelve month high of C$37.29.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 23rd will be given a dividend of $0.119 per share. This represents a $0.48 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, August 22nd. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.09. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently -600.00%.

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

About Wheaton Precious Metals

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.

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Insider Buying and Selling by Quarter for Wheaton Precious Metals (TSE:WPM)

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