Wheaton Precious Metals (TSE:WPM) Insider Purchases C$39,791.25 in Stock

Wheaton Precious Metals Corp. (TSE:WPM) insider Vincent Chun Yip Lau bought 225 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$176.85 per share, for a total transaction of C$39,791.25. Following the completion of the transaction, the insider owned 1,065 shares in the company, valued at C$188,345.25. This represents a 26.79% increase in their position.

Wheaton Precious Metals Price Performance

TSE:WPM opened at C$179.39 on Monday. Wheaton Precious Metals Corp. has a 12-month low of C$107.14 and a 12-month high of C$226.68. The firm has a market capitalization of C$81.47 billion, a PE ratio of 45.33 and a beta of 1.38. The firm has a 50-day moving average price of C$187.71 and a 200 day moving average price of C$177.16.

Wheaton Precious Metals (TSE:WPM) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 EPS for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. The firm had revenue of C$1.25 billion during the quarter. On average, research analysts expect that Wheaton Precious Metals Corp. will post 2.4749013 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, June 9th will be given 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 is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.44%.

Analyst Ratings Changes

A number of analysts have weighed in on WPM shares. National Bank Financial upped their price target on Wheaton Precious Metals from C$240.00 to C$245.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. TD Securities boosted their target price on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. UBS Group raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Stifel Nicolaus increased their target price on shares of 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. Finally, Peel Hunt lifted their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. 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, Wheaton Precious Metals presently has an average rating of “Buy” and an average target price of C$205.63.

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.