Haytham Henry Hodaly Sells 16,500 Shares of Wheaton Precious Metals Corp. (TSE:WPM) Stock

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) Senior Officer Haytham Henry Hodaly sold 16,500 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.64, for a total transaction of C$1,264,560.00.

Wheaton Precious Metals Price Performance

Shares of WPM traded down C$0.02 during mid-day trading on Thursday, hitting C$76.07. 599,203 shares of the company traded hands, compared to its average volume of 789,537. The company has a market capitalization of C$34.47 billion, a P/E ratio of 46.67 and a beta of 0.66. The firm's 50 day simple moving average is C$68.15. Wheaton Precious Metals Corp. has a 1-year low of C$52.15 and a 1-year high of C$78.15.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.42 by C$0.07. The business had revenue of C$426.80 million during the quarter, compared to analysts' expectations of C$381.95 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.802 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.214 per share. This represents a $0.86 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, May 29th. 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 Analysts Forecast Growth

WPM has been the topic of a number of recent analyst reports. National Bankshares increased their target price on Wheaton Precious Metals from C$80.00 to C$85.00 and gave the stock a "sector perform" rating in a research note on Monday. Eight Capital boosted their price objective on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. Veritas Investment Research raised their target price on shares of Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. National Bank Financial lowered Wheaton Precious Metals from an "outperform market weight" rating to a "sector perform overweight" rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus upped their price objective on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a "buy" rating in a research note on Friday, April 19th.

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.

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