Wheaton Precious Metals Corp. to Issue Quarterly Dividend of $0.20 (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPM) declared a quarterly dividend on Wednesday, May 27th, TickerTech Dividends reports. Investors of record on Tuesday, June 9th will be given a dividend of 0.195 per share on Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th.

Wheaton Precious Metals Stock Performance

TSE:WPM opened at C$174.74 on Monday. Wheaton Precious Metals has a 1 year low of C$116.42 and a 1 year high of C$226.68. The firm’s fifty day simple moving average is C$185.01 and its 200 day simple moving average is C$178.57. The firm has a market capitalization of C$79.35 billion, a PE ratio of 44.16 and a beta of 1.38.

Wheaton Precious Metals (TSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported C$1.78 earnings per share (EPS) for the quarter. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 21.32%. The business had revenue of C$1.25 billion for the quarter. As a group, analysts anticipate that Wheaton Precious Metals will post 2.4749013 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on WPM. Canaccord Genuity Group raised their price target on shares of Wheaton Precious Metals from C$220.00 to C$235.00 in a research report on Tuesday, February 17th. BMO Capital Markets raised their price target on shares of Wheaton Precious Metals from C$240.00 to C$250.00 in a research report on Wednesday, April 22nd. TD Securities raised their price target on shares of Wheaton Precious Metals from C$164.00 to C$165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. UBS Group upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Peel Hunt raised their price target on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$205.63.

Wheaton Precious Metals Company Profile

Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.