Randy Smallwood Sells 45,000 Shares of Wheaton Precious Metals Corp (WPM) Stock

Wheaton Precious Metals Corp (TSE:WPM) Senior Officer Randy Smallwood sold 45,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$27.32, for a total value of C$1,229,202.00. Following the completion of the transaction, the insider now directly owns 267,262 shares of the company’s stock, valued at approximately C$7,300,421.89.

Randy Smallwood also recently made the following trade(s):

  • On Monday, May 13th, Randy Smallwood sold 90,000 shares of Wheaton Precious Metals stock. The stock was sold at an average price of C$27.49, for a total value of C$2,474,199.00.
  • On Monday, March 25th, Randy Smallwood sold 10,820 shares of Wheaton Precious Metals stock. The stock was sold at an average price of C$33.34, for a total value of C$360,738.80.

Shares of TSE:WPM traded up C$0.24 during mid-day trading on Friday, reaching C$27.04. The stock had a trading volume of 679,100 shares, compared to its average volume of 1,093,639. The company has a current ratio of 2.07, a quick ratio of 2.05 and a debt-to-equity ratio of 22.73. The company has a market capitalization of $12.05 billion and a P/E ratio of 28.83. Wheaton Precious Metals Corp has a 1 year low of C$19.87 and a 1 year high of C$33.85.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Wednesday, May 8th. The company reported C$0.17 EPS for the quarter, hitting analysts’ consensus estimates of C$0.17. The firm had revenue of C$299.22 million during the quarter, compared to analysts’ expectations of C$270.76 million. On average, research analysts forecast that Wheaton Precious Metals Corp will post 0.519999976763965 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, June 6th will be given a $0.09 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. Wheaton Precious Metals’s dividend payout ratio is currently 38.38%.

A number of equities research analysts recently commented on WPM shares. Raymond James reiterated an “outperform” rating and issued a C$28.00 target price on shares of Wheaton Precious Metals in a research report on Friday, March 22nd. Canaccord Genuity decreased their target price on Wheaton Precious Metals from C$44.00 to C$38.00 in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a C$30.00 target price on shares of Wheaton Precious Metals in a research report on Friday, February 15th.

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About Wheaton Precious Metals

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.

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