Wheaton Precious Metals (TSE:WPM) Insider Nikola Tatarkin Sells 3,733 Shares of Stock

Wheaton Precious Metals Corp. (TSE:WPM) 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 value of C$705,537.00. Following the completion of the sale, the insider directly owned 30,756 shares of the company’s stock, valued at C$5,812,884. This represents a 10.82% decrease in their position.

Wheaton Precious Metals Stock Performance

WPM opened at C$183.82 on Friday. The stock has a 50-day moving average of C$162.52 and a 200-day moving average of C$180.53. Wheaton Precious Metals Corp. has a 52-week low of C$126.12 and a 52-week high of C$226.68. The company has a market cap of C$83.48 billion, a PE ratio of 40.78 and a beta of 1.39.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Thursday, August 6th. The company reported C$1.69 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%.The firm had revenue of C$1.32 billion during the quarter. On average, research analysts predict that Wheaton Precious Metals Corp. will post 2.4749013 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio is currently 15.97%.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. National Bank Financial raised their price target on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Peel Hunt dropped their price objective on Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$194.62.

Wheaton Precious Metals Company Profile

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.