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

Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Thursday, November 21st will be paid 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 is Thursday, November 21st.

Wheaton Precious Metals Stock Up 1.1 %

Shares of TSE:WPM traded up C$0.95 during midday trading on Friday, reaching C$90.23. The company had a trading volume of 626,806 shares, compared to its average volume of 775,256. Wheaton Precious Metals has a 1-year low of C$52.15 and a 1-year high of C$94.84. The stock has a market cap of C$40.93 billion, a PE ratio of 52.16 and a beta of 0.70. The business's 50 day moving average price is C$85.78 and its 200 day moving average price is C$80.03.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.39 by C$0.06. The firm had revenue of C$409.19 million for the quarter, compared to analyst estimates of C$400.03 million. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. On average, research analysts expect that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. National Bank Financial upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Peel Hunt boosted their price objective on shares of Wheaton Precious Metals from C$82.00 to C$95.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Stifel Nicolaus raised their target price on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. Canaccord Genuity Group boosted their price target on Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Finally, Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$97.67.

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.