Wheaton Precious Metals Corp Announces Quarterly Dividend of $0.09 (NYSE:WPM)

Posted by on Dec 1st, 2019

Wheaton Precious Metals Corp (NYSE:WPM) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 0.09 per share on Monday, December 16th. This represents a $0.36 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Shares of WPM opened at $27.64 on Friday. The firm has a market cap of $12.20 billion, a P/E ratio of 57.58, a P/E/G ratio of 9.60 and a beta of -0.08. The stock has a 50 day simple moving average of $26.92 and a two-hundred day simple moving average of $25.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.67 and a quick ratio of 4.67. Wheaton Precious Metals has a 1 year low of $15.43 and a 1 year high of $30.90.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, November 14th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $223.60 million during the quarter, compared to analyst estimates of $235.93 million. Wheaton Precious Metals had a return on equity of 4.07% and a net margin of 1.85%. Wheaton Precious Metals’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts anticipate that Wheaton Precious Metals will post 0.57 earnings per share for the current year.

WPM has been the subject of several recent research reports. Raymond James reiterated an “outperform” rating and issued a $35.00 price objective on shares of Wheaton Precious Metals in a research report on Monday, November 18th. TheStreet upgraded Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Friday, November 15th. ValuEngine downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays downgraded Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a research report on Tuesday, October 15th. Finally, BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Tuesday, November 26th. They issued a “buy” rating and a $35.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.75.

About Wheaton Precious Metals

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Dividend History for Wheaton Precious Metals (NYSE:WPM)

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