Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) insider Vincent Chun Yip Lau purchased 225 shares of the business’s stock in a transaction on 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 acquisition, the insider directly owned 1,065 shares in the company, valued at approximately C$188,345.25. This represents a 26.79% increase in their position.
Wheaton Precious Metals Stock Performance
Wheaton Precious Metals stock opened at C$179.39 on Friday. The stock has a market capitalization of C$81.47 billion, a price-to-earnings ratio of 45.33 and a beta of 1.38. Wheaton Precious Metals Corp. has a 52-week low of C$107.14 and a 52-week high of C$226.68. The stock’s 50 day moving average price is C$187.71 and its two-hundred day moving average price is C$176.84.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share (EPS) for the quarter. The firm had revenue of C$1.25 billion for the quarter. Wheaton Precious Metals had a return on equity of 21.32% and a net margin of 65.55%. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 2.4749013 EPS for the current year.
Wheaton Precious Metals Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages recently commented on WPM. UBS Group raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Stifel Nicolaus boosted their target price on 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. BMO Capital Markets boosted their target price on Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. National Bank Financial boosted their target price 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. Finally, Canaccord Genuity Group boosted their target price on Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and an average price target of C$205.63.
Get Our Latest Analysis on WPM
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.
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