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 stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the completion of the sale, the insider owned 30,756 shares in the company, valued at C$5,812,884. This represents a 10.82% decrease in their ownership of the stock.

Wheaton Precious Metals Stock Performance

TSE WPM traded down C$3.69 during trading hours on Thursday, reaching C$184.15. 255,134 shares of the company’s stock were exchanged, compared to its average volume of 814,872. The company has a market capitalization of C$83.63 billion, a price-to-earnings ratio of 40.85 and a beta of 1.39. Wheaton Precious Metals Corp. has a one year low of C$126.12 and a one year high of C$226.68. The company’s 50-day moving average is C$162.41 and its two-hundred day moving average is C$180.64.

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

Wheaton Precious Metals Dividend Announcement

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

Analyst Ratings Changes

WPM has been the subject of a number of recent research reports. Stifel Nicolaus upped their price target on Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Peel Hunt lowered their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a report on Wednesday, July 29th. BMO Capital Markets boosted their price objective on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. Finally, National Bank Financial increased their target price on shares of Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Buy” and a consensus price target 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.