Wheaton Precious Metals (TSE:WPM) Shares Break Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Wheaton Precious Metals Corp. (TSE:WPM) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$185.62 and traded as high as C$190.77. Wheaton Precious Metals shares last traded at C$185.96, with a volume of 1,524,845 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Peel Hunt decreased their price target on Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. National Bank Financial boosted their price target on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$203.86.

Wheaton Precious Metals Price Performance

The stock’s fifty day simple moving average is C$194.63 and its 200-day simple moving average is C$185.61. The firm has a market cap of C$87.28 billion, a PE ratio of 42.63 and a beta of 1.70.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings data on Thursday, November 5th. The company reported C$1.28 EPS for the quarter. The business had revenue of C$1.10 billion during the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%. Analysts expect that Wheaton Precious Metals Corp. will post 2.47 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were given a dividend of $0.1950 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%. Wheaton Precious Metals’s payout ratio is currently 15.97%.

Insider Buying and Selling

In other Wheaton Precious Metals news, insider Nikola Tatarkin sold 3,733 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the sale, the insider owned 30,756 shares in the company, valued at approximately C$5,812,884. The trade was a 10.82% decrease in their position. Corporate insiders own 0.13% of the company’s stock.

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.