Wheaton Precious Metals Corp. (TSE:WPM) Plans Quarterly Dividend of $0.17

Wheaton Precious Metals Corp. (TSE:WPM) announced a quarterly dividend on Thursday, November 20th, TickerTech Dividends reports. Stockholders of record on Thursday, December 4th will be given a dividend of 0.165 per share on Thursday, December 4th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 20th.

Wheaton Precious Metals Trading Down 1.7%

Shares of WPM stock opened at C$143.68 on Tuesday. The firm’s 50 day moving average is C$145.31 and its 200 day moving average is C$132.22. The stock has a market capitalization of C$65.23 billion, a P/E ratio of 65.22 and a beta of 1.02. Wheaton Precious Metals has a 12 month low of C$79.88 and a 12 month high of C$160.44.

Wheaton Precious Metals (TSE:WPM) last issued its earnings results on Friday, November 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$663.15 million for the quarter. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.56%. On average, equities analysts predict that Wheaton Precious Metals will post 2.4749013 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WPM. Peel Hunt boosted their price objective on Wheaton Precious Metals from C$162.00 to C$165.00 in a research note on Wednesday, November 12th. CIBC upped their price target on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Canaccord Genuity Group raised their price objective on shares of Wheaton Precious Metals from C$144.00 to C$172.00 in a research report on Thursday, October 2nd. Finally, UBS Group lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target of C$135.17.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.