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

Wheaton Precious Metals Corp. (TSE:WPM) announced 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 0.60%. The ex-dividend date is Tuesday, April 1st.

Wheaton Precious Metals Stock Down 1.5 %

WPM opened at C$109.95 on Wednesday. The company has a market cap of C$34.87 billion, a price-to-earnings ratio of 57.21 and a beta of 0.70. The firm’s fifty day simple moving average is C$99.19 and its two-hundred day simple moving average is C$90.24. Wheaton Precious Metals has a 52-week low of C$65.01 and a 52-week high of C$112.21.

Wall Street Analysts Forecast Growth

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

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.