Wheaton Precious Metals Corp. (TSE:WPM) to Issue $0.21 Quarterly Dividend

Wheaton Precious Metals Corp. (TSE:WPM) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Wednesday, August 21st will be given a dividend of 0.214 per share on Wednesday, September 4th. This represents a $0.86 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, August 21st.

Wheaton Precious Metals Stock Performance

WPM traded down C$0.27 during trading on Friday, hitting C$74.38. 26,165 shares of the stock were exchanged, compared to its average volume of 794,055. The stock has a 50 day moving average price of C$76.71. The firm has a market capitalization of C$33.72 billion, a price-to-earnings ratio of 42.18 and a beta of 0.63. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$86.22.

Wheaton Precious Metals (TSE:WPM) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.09. The company had revenue of C$400.14 million for the quarter, compared to the consensus estimate of C$391.32 million. Wheaton Precious Metals had a return on equity of 8.50% and a net margin of 53.74%. As a group, equities analysts forecast that Wheaton Precious Metals will post 1.8465017 EPS for the current year.

Insiders Place Their Bets

In other Wheaton Precious Metals news, Director Chantal Gosselin sold 2,000 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.50, for a total transaction of C$153,000.00. Following the completion of the sale, the director now owns 900 shares of the company’s stock, valued at approximately C$68,850. In other Wheaton Precious Metals news, Senior Officer Haytham Henry Hodaly sold 16,500 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.64, for a total transaction of C$1,264,560.00. Also, Director Chantal Gosselin sold 2,000 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.50, for a total value of C$153,000.00. Following the completion of the sale, the director now owns 900 shares in the company, valued at C$68,850. In the last 90 days, insiders sold 151,660 shares of company stock valued at $11,281,465. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WPM. Canaccord Genuity Group increased their target price on Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd. Eight Capital increased their target price on Wheaton Precious Metals from C$85.00 to C$95.00 in a research report on Thursday, July 11th. Veritas Investment Research raised their price objective on Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. Stifel Nicolaus raised their price objective on Wheaton Precious Metals from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Peel Hunt raised their price objective on Wheaton Precious Metals from C$74.00 to C$82.00 in a research report on Tuesday, April 30th.

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.