Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) declared a quarterly dividend on Thursday, May 9th, NASDAQ reports. Investors of record on Wednesday, May 29th will be paid a dividend of 0.155 per share on Tuesday, June 11th. This represents a $0.62 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, May 29th.
Wheaton Precious Metals has raised its dividend by an average of 12.6% per year over the last three years and has increased its dividend every year for the last 1 years. Wheaton Precious Metals has a dividend payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wheaton Precious Metals to earn $1.49 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 41.6%.
Wheaton Precious Metals Price Performance
Shares of NYSE WPM opened at $56.41 on Monday. The company has a 50-day simple moving average of $51.67 and a 200-day simple moving average of $48.18. The company has a market cap of $25.57 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.75. Wheaton Precious Metals has a 12 month low of $38.37 and a 12 month high of $57.87.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The firm had revenue of $296.80 million during the quarter, compared to analysts’ expectations of $278.95 million. During the same period in the previous year, the company earned $0.23 EPS. Wheaton Precious Metals’s revenue for the quarter was up 38.7% on a year-over-year basis. On average, analysts anticipate that Wheaton Precious Metals will post 1.28 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Raymond James reduced their target price on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. CIBC raised their target price on shares of Wheaton Precious Metals from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from $54.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, BMO Capital Markets upped their price objective on Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.
Read Our Latest Analysis on Wheaton Precious Metals
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.
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