Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders of record on Wednesday, August 21st will be paid a dividend of 0.155 per share on Wednesday, September 4th. This represents a $0.62 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 21st.
Wheaton Precious Metals has raised its dividend payment by an average of 12.6% annually over the last three years. Wheaton Precious Metals has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Wheaton Precious Metals to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 39.0%.
Wheaton Precious Metals Stock Performance
Shares of NYSE:WPM opened at $54.35 on Friday. The business’s 50 day simple moving average is $55.87 and its two-hundred day simple moving average is $51.24. The firm has a market cap of $24.65 billion, a P/E ratio of 41.81, a PEG ratio of 2.15 and a beta of 0.76. Wheaton Precious Metals has a 52-week low of $38.37 and a 52-week high of $63.06.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $299.06 million for the quarter, compared to analyst estimates of $309.54 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities analysts forecast that Wheaton Precious Metals will post 1.38 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on WPM. Bank of America increased their price target on Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. BMO Capital Markets raised their target price on Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Berenberg Bank raised their target price on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Scotiabank raised their target price on Wheaton Precious Metals from $59.00 to $66.50 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, CIBC raised their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.
View Our Latest Stock Analysis 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.
Further Reading
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