Wheaton Precious Metals Corp. (TSE:WPM – Get Free Report) declared a quarterly dividend on Wednesday, May 29th, Zacks reports. Shareholders of record on Tuesday, June 11th will be paid a dividend of 0.214 per share on Tuesday, June 11th. This represents a $0.86 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, May 29th. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.21.
Wheaton Precious Metals Price Performance
WPM stock opened at C$77.08 on Monday. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$78.95. The firm has a market capitalization of C$34.94 billion, a P/E ratio of 43.55 and a beta of 0.63. The company has a 50-day simple moving average of C$70.51.
Wheaton Precious Metals (TSE:WPM – Get Free Report) last announced its earnings results on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.50%. The firm had revenue of C$426.80 million for the quarter, compared to analyst estimates of C$381.95 million. On average, equities research analysts anticipate that Wheaton Precious Metals will post 1.8465017 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have commented on WPM. Peel Hunt raised their price objective on Wheaton Precious Metals from C$74.00 to C$82.00 in a research note on Tuesday, April 30th. Veritas Investment Research raised their price target on Wheaton Precious Metals from C$67.00 to C$84.00 in a research report on Friday, April 12th. Eight Capital upped their price objective on shares of Wheaton Precious Metals from C$82.50 to C$85.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. National Bankshares raised their target price on shares of Wheaton Precious Metals from C$80.00 to C$85.00 and gave the company a “sector perform” rating in a report on Monday, May 13th. Finally, Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$80.00 to C$90.00 in a research report on Tuesday, April 23rd.
Get Our Latest Research Report on Wheaton Precious Metals
Insider Buying and Selling at Wheaton Precious Metals
In related news, Senior Officer Haytham Henry Hodaly sold 16,500 shares of Wheaton Precious Metals stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$76.64, for a total transaction of C$1,264,560.00. In other Wheaton Precious Metals news, Director Chantal Gosselin sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$76.50, for a total value of C$153,000.00. Following the completion of the transaction, the director now owns 900 shares of the company’s stock, valued at approximately C$68,850. Also, Senior Officer Haytham Henry Hodaly sold 16,500 shares of Wheaton Precious Metals stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$76.64, for a total value of C$1,264,560.00. Insiders have sold a total of 78,234 shares of company stock worth $5,619,813 over the last 90 days. Insiders own 0.13% of the company’s stock.
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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