Wheaton Precious Metals Corp. (TSE:WPM) Announces Quarterly Dividend of $0.21

Wheaton Precious Metals Corp. (TSE:WPM) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors 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

Shares of Wheaton Precious Metals stock opened at C$74.65 on Friday. The stock has a market cap of C$33.84 billion, a P/E ratio of 42.18 and a beta of 0.63. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$86.22. The stock’s fifty day moving average price is C$76.71.

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

Insider Activity

In related news, Director George Leslie Brack sold 370 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$74.99, for a total value of C$27,745.60. In other news, Director George Leslie Brack sold 370 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$74.99, for a total value of C$27,745.60. Also, Senior Officer Randy Smallwood sold 94,090 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$73.70, for a total value of C$6,934,433.00. Insiders sold 151,660 shares of company stock worth $11,281,465 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

About Wheaton Precious Metals

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.