Wheaton Precious Metals Corp (TSE:WPM) Plans $0.12 Quarterly Dividend

Wheaton Precious Metals Corp (TSE:WPM) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Wednesday, December 4th will be given a dividend of 0.118 per share on Monday, December 16th. This represents a $0.47 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Wheaton Precious Metals stock opened at C$36.50 on Friday. The company’s fifty day simple moving average is C$35.50 and its 200-day simple moving average is C$34.06. The company has a quick ratio of 4.61, a current ratio of 4.67 and a debt-to-equity ratio of 19.57. Wheaton Precious Metals has a 12 month low of C$20.56 and a 12 month high of C$40.95. The stock has a market cap of $16.35 billion and a P/E ratio of 1,216.67.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Thursday, November 14th. The company reported C$0.21 EPS for the quarter, meeting the consensus estimate of C$0.21. The company had revenue of C$295.20 million for the quarter, compared to analysts’ expectations of C$296.16 million. On average, equities research analysts expect that Wheaton Precious Metals will post 0.5204277 earnings per share for the current fiscal year.

In related news, Director George Leslie Brack sold 4,000 shares of Wheaton Precious Metals stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$40.75, for a total value of C$163,000.00. Following the completion of the sale, the director now owns 14,547 shares of the company’s stock, valued at approximately C$592,790.25.

Several equities analysts have recently commented on the stock. National Bank Financial lowered their price target on shares of Wheaton Precious Metals from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. CSFB boosted their price target on shares of Wheaton Precious Metals from C$34.00 to C$38.00 in a report on Friday, August 9th. Finally, Eight Capital boosted their price target on shares of Wheaton Precious Metals from C$35.00 to C$42.50 in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$36.64.

Wheaton Precious Metals Company Profile

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 (TSE:WPM)

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