Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) declared a quarterly dividend on Thursday, March 14th, Zacks reports. Investors of record on Wednesday, April 3rd will be given a dividend of 0.21 per share on Monday, April 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15.
Wheaton Precious Metals Stock Down 1.3 %
Shares of Wheaton Precious Metals stock traded down C$0.80 during trading on Friday, reaching C$60.13. The company’s stock had a trading volume of 3,294,416 shares, compared to its average volume of 812,479. Wheaton Precious Metals has a one year low of C$52.15 and a one year high of C$71.39. The stock has a market capitalization of C$27.24 billion, a price-to-earnings ratio of 37.58 and a beta of 0.61.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.07. The business had revenue of C$426.80 million during the quarter, compared to analysts’ expectations of C$381.95 million. Wheaton Precious Metals had a return on equity of 7.85% and a net margin of 52.92%. As a group, sell-side analysts anticipate that Wheaton Precious Metals will post 1.5873812 EPS for the current year.
Wall Street Analyst Weigh In
WPM has been the subject of a number of research reports. National Bankshares lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$75.00 to C$68.00 in a research report on Friday, February 23rd. National Bank Financial lowered Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday, February 21st.
Check Out Our Latest Stock Report on WPM
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 10, 2017. Wheaton Precious Metals Corp.
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