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.
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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