Wheaton Precious Metals Corp. (WPM) to Issue Quarterly Dividend of $0.20 on June 9th

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

Wheaton Precious Metals Price Performance

Shares of WPM opened at C$174.74 on Monday. The firm has a market cap of C$79.35 billion, a P/E ratio of 44.16 and a beta of 1.38. The stock has a 50 day simple moving average of C$185.01 and a two-hundred day simple moving average of C$178.57. Wheaton Precious Metals has a 1 year low of C$116.42 and a 1 year high of C$226.68.

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

Analysts Set New Price Targets

Several analysts have issued reports on WPM shares. Canaccord Genuity Group upped their target price on Wheaton Precious Metals from C$220.00 to C$235.00 in a research note on Tuesday, February 17th. TD Securities increased their price objective on Wheaton Precious Metals from C$164.00 to C$165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. National Bank Financial raised their target price on shares of Wheaton Precious Metals from C$240.00 to C$245.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Peel Hunt raised their target price on shares of Wheaton Precious Metals from C$165.00 to C$240.00 in a report on Monday, February 2nd. Finally, Stifel Nicolaus raised their target price on shares of Wheaton Precious Metals from C$240.00 to C$250.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.