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

Wheaton Precious Metals Corp. (TSE:WPM) insider Nikola Tatarkin sold 3,733 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 Performance

WPM stock opened at C$186.25 on Friday. The company has a 50 day moving average price of C$163.00 and a two-hundred day moving average price of C$180.57. The stock has a market capitalization of C$84.59 billion, a P/E ratio of 41.32 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.

Wheaton Precious Metals (TSE:WPM) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.69 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 company had revenue of C$1.32 billion for the quarter. Research analysts forecast that Wheaton Precious Metals Corp. will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on WPM. National Bank Financial raised their price target on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets upped their price objective on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research note on Wednesday, April 22nd. Finally, Peel Hunt dropped their price objective on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.