Wheaton Precious Metals (TSE:WPM) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Wheaton Precious Metals Corp. (TSE:WPM) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$185.62 and traded as high as C$190.77. Wheaton Precious Metals shares last traded at C$185.96, with a volume of 1,524,845 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WPM shares. National Bank Financial raised 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 note on Monday, August 10th. Peel Hunt cut their price target on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Buy” and an average target price of C$203.86.

Wheaton Precious Metals Price Performance

The firm has a market cap of C$84.46 billion, a P/E ratio of 41.25 and a beta of 1.70. The stock has a 50 day moving average of C$195.16 and a 200 day moving average of C$185.62.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings results on Thursday, November 5th. The company reported C$1.28 earnings per share for the quarter. Wheaton Precious Metals had a return on equity of 22.96% and a net margin of 64.66%. The business had revenue of C$1.10 billion for the quarter. On average, research analysts predict that Wheaton Precious Metals Corp. will post 2.47 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were given a dividend of $0.1950 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio is 15.97%.

Insider Activity at Wheaton Precious Metals

In related news, insider Nikola Tatarkin sold 3,733 shares of the firm’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 directly owned 30,756 shares of the company’s stock, valued at approximately C$5,812,884. This trade represents a 10.82% decrease in their position. Company insiders own 0.13% of the company’s stock.

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.