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

Wheaton Precious Metals Corp. (TSE:WPM) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at C$90.23 on Friday. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The firm has a market capitalization of C$40.93 billion, a PE ratio of 52.16 and a beta of 0.70. The company’s 50-day moving average is C$85.78 and its 200-day moving average is C$80.03.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on WPM. National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$90.00 to C$105.00 in a report on Thursday, October 10th. Eight Capital lifted their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.