Insider Selling: Wheaton Precious Metals Corp (TSE:WPM) Director Sells 2,050 Shares of Stock

Wheaton Precious Metals Corp (TSE:WPM) Director John Brough sold 2,050 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of C$39.86, for a total value of C$81,714.44.

John Brough also recently made the following trade(s):

  • On Monday, March 23rd, John Brough sold 4,705 shares of Wheaton Precious Metals stock. The stock was sold at an average price of C$36.84, for a total value of C$173,347.73.

Wheaton Precious Metals stock traded down C$0.20 during mid-day trading on Thursday, hitting C$41.23. 562,500 shares of the company’s stock were exchanged, compared to its average volume of 1,517,501. The firm has a market capitalization of $16.71 billion and a P/E ratio of 217.95. Wheaton Precious Metals Corp has a fifty-two week low of C$26.50 and a fifty-two week high of C$45.00. The company has a quick ratio of 1.72, a current ratio of 2.39 and a debt-to-equity ratio of 16.50. The company’s 50 day simple moving average is C$39.20 and its 200-day simple moving average is C$37.21.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be paid a dividend of $0.134 per share. This represents a $0.54 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, March 25th. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.12. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 189.47%.

Separately, National Bank Financial dropped their price objective on Wheaton Precious Metals from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Wednesday.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

Further Reading: What does a market perform rating mean?

Insider Buying and Selling by Quarter for Wheaton Precious Metals (TSE:WPM)

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