Wheaton Precious Metals Corp. (TSE:WPM) Declares Quarterly Dividend of $0.21

Wheaton Precious Metals Corp. (TSE:WPM) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Thursday, November 21st will be given a dividend of 0.21 per share on Friday, December 6th. This represents a $0.84 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, November 21st.

Wheaton Precious Metals Stock Up 1.1 %

WPM opened at C$90.23 on Friday. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$94.84. The firm has a market capitalization of C$40.93 billion, a P/E ratio of 52.16 and a beta of 0.70. The stock’s 50 day moving average price is C$85.78 and its two-hundred day moving average price is C$80.03.

Wheaton Precious Metals (TSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.06. The business had revenue of C$409.19 million for the quarter, compared to analyst estimates of C$400.03 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. As a group, analysts anticipate that Wheaton Precious Metals will post 2.4749013 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WPM. Eight Capital increased their target price on shares of Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus lifted their price objective on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Canaccord Genuity Group upped their target price on Wheaton Precious Metals from C$90.00 to C$100.00 in a research note on Tuesday, July 23rd. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Finally, Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$97.67.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.