George Leslie Brack Sells 370 Shares of Wheaton Precious Metals Corp. (TSE:WPM) Stock

Wheaton Precious Metals Corp. (TSE:WPM) Director George Leslie Brack sold 370 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$74.99, for a total transaction of C$27,745.60.

Wheaton Precious Metals Stock Performance

Shares of TSE WPM opened at C$76.09 on Thursday. Wheaton Precious Metals Corp. has a 52-week low of C$52.15 and a 52-week high of C$78.15. The firm’s fifty day moving average is C$68.15. The company has a market capitalization of C$34.48 billion, a PE ratio of 46.68 and a beta of 0.66.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The business had revenue of C$426.80 million during the quarter, compared to analyst estimates of C$381.95 million. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.802 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.214 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.21. Wheaton Precious Metals’s payout ratio is presently 52.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WPM shares. National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Veritas Investment Research increased their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a report on Friday, April 12th. Stifel Nicolaus raised their price target on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$80.00 to C$90.00 in a research note on Tuesday, April 23rd. Finally, National Bankshares upped their target price on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the company a “sector perform” rating in a research note on Monday.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.