Vincent Chun Yip Lau Purchases 225 Shares of Wheaton Precious Metals (TSE:WPM) Stock

Wheaton Precious Metals Corp. (TSE:WPM) insider Vincent Chun Yip Lau acquired 225 shares of Wheaton Precious Metals stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of C$176.85 per share, for a total transaction of C$39,791.25. Following the acquisition, the insider owned 1,065 shares in the company, valued at approximately C$188,345.25. This represents a 26.79% increase in their position.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$179.39 on Friday. The stock’s fifty day moving average price is C$187.71 and its two-hundred day moving average price is C$176.84. Wheaton Precious Metals Corp. has a 52-week low of C$107.14 and a 52-week high of C$226.68. The company has a market cap of C$81.47 billion, a price-to-earnings ratio of 45.33 and a beta of 1.38.

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

Wheaton Precious Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd. TD Securities raised 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 note on Monday, March 16th. UBS Group raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. National Bank Financial raised their price objective on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Finally, Stifel Nicolaus raised their price objective on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus target price 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.