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

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Investors of record on Friday, April 11th will be given a dividend of 0.165 per share on Friday, April 11th. This represents a $0.66 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, April 1st.

Wheaton Precious Metals Stock Performance

Shares of WPM traded down C$9.71 during midday trading on Friday, hitting C$100.93. 1,651,707 shares of the stock were exchanged, compared to its average volume of 721,816. The firm has a market cap of C$32.01 billion, a P/E ratio of 52.52 and a beta of 0.70. Wheaton Precious Metals has a 52-week low of C$67.19 and a 52-week high of C$112.90. The stock has a fifty day simple moving average of C$100.53 and a 200 day simple moving average of C$90.79.

Analyst Ratings Changes

A number of equities analysts have recently commented on WPM shares. CIBC boosted their price objective on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Peel Hunt upped their price objective on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. National Bankshares raised their target price on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, TD Securities increased their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Six analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Buy" and an average target price of C$98.38.

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About Wheaton Precious Metals

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.