Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) declared a quarterly dividend on Tuesday, April 2nd, Zacks reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.21 per share on Monday, April 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15.
Wheaton Precious Metals Stock Performance
Shares of TSE WPM opened at C$63.80 on Monday. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$71.39. The company has a market capitalization of C$28.91 billion, a P/E ratio of 39.63 and a beta of 0.61.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate 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 net margin of 52.92% and a return on equity of 7.85%. Sell-side analysts predict that Wheaton Precious Metals will post 1.5279738 earnings per share for the current fiscal year.
Insider Buying and Selling at Wheaton Precious Metals
In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$58.96, for a total transaction of C$109,491.69. In other Wheaton Precious Metals news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$58.96, for a total value of C$109,491.69. Also, Senior Officer Patrick Eugene Drouin sold 18,640 shares of Wheaton Precious Metals stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total transaction of C$1,156,052.80. Over the last three months, insiders have sold 20,664 shares of company stock valued at $1,272,782. Company insiders own 0.17% of the company’s stock.
Analyst Ratings Changes
WPM has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Wheaton Precious Metals from C$75.00 to C$72.00 and set a “buy” rating for the company in a research report on Monday, March 18th. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a report on Wednesday, February 21st. Finally, National Bankshares cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$75.00 to C$68.00 in a research note on Friday, February 23rd.
Read Our Latest Stock Report on Wheaton Precious Metals
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.
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