Insider Buying: Wheaton Precious Metals (TSE:WPM) Insider Acquires 225 Shares of Stock

Wheaton Precious Metals Corp. (TSE:WPM) insider Vincent Chun Yip Lau purchased 225 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of C$176.85 per share, with a total value of C$39,791.25. Following the transaction, the insider owned 1,065 shares of the company’s stock, valued at approximately C$188,345.25. This represents a 26.79% increase in their ownership of the stock.

Wheaton Precious Metals Stock Down 6.1%

Shares of Wheaton Precious Metals stock traded down C$11.66 on Friday, hitting C$179.39. The company’s stock had a trading volume of 699,869 shares, compared to its average volume of 800,728. The company has a market capitalization of C$81.47 billion, a P/E ratio of 45.33 and a beta of 1.38. Wheaton Precious Metals Corp. has a 52-week low of C$107.14 and a 52-week high of C$226.68. The firm has a fifty day moving average price of C$187.71 and a 200-day moving average price of C$176.84.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share for the quarter. The firm had revenue of C$1.25 billion during the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. As a group, analysts expect that Wheaton Precious Metals Corp. will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.44%.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of recent research reports. UBS Group raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Canaccord Genuity Group boosted their price target on Wheaton Precious Metals from C$220.00 to C$235.00 in a report on Tuesday, February 17th. Peel Hunt upped their price objective on Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. BMO Capital Markets increased their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd. Finally, TD Securities lifted their price objective on Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$205.63.

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.