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

Key Points

• Insider sale: Nikola Tatarkin sold 3,733 Wheaton Precious Metals shares for approximately C$705,537, reducing his position by 10.82% to 30,756 shares.
• Stock and financial performance: WPM traded down 2.0% to C$184.15, while the company reported quarterly revenue of C$1.32 billion and earnings of C$1.69 per share.
• Dividend and analyst outlook: Wheaton declared a quarterly dividend of $0.195 per share, and analysts maintain a consensus “Buy” rating with an average price target of C$194.62.

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) insider Nikola Tatarkin sold 3,733 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the transaction, the insider owned 30,756 shares in the company, valued at approximately C$5,812,884. This trade represents a 10.82% decrease in their position.

Wheaton Precious Metals Stock Down 2.0%

TSE:WPM traded down C$3.69 during mid-day trading on Thursday, reaching C$184.15. 255,134 shares of the company were exchanged, compared to its average volume of 814,872. The stock has a market cap of C$83.63 billion, a PE ratio of 40.85 and a beta of 1.39. Wheaton Precious Metals Corp. has a 12 month low of C$126.12 and a 12 month high of C$226.68. The company has a fifty day moving average of C$162.41 and a 200 day moving average of C$180.64.

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

Wheaton Precious Metals Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on WPM. BMO Capital Markets upped their price target on Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd. Stifel Nicolaus upped their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. National Bank Financial upped their target price on shares of 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 lowered their price target on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and a consensus price target of C$194.62.

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.

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