Wheaton Precious Metals Corp. (TSE:WPM) Increases Dividend to $0.21 Per Share

Wheaton Precious Metals Corp. (TSE:WPMGet Free Report) announced a quarterly dividend on Tuesday, April 2nd, Zacks reports. Shareholders of record on Monday, April 15th 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 yield of 1.32%. 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 Performance

WPM opened at C$63.80 on Friday. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$71.39. The firm has a market cap of C$28.91 billion, a P/E ratio of 39.63 and a beta of 0.61.

Wheaton Precious Metals (TSE:WPMGet Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.07. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.85%. The firm had revenue of C$426.80 million for the quarter, compared to analysts’ expectations of C$381.95 million. As a group, equities analysts expect that Wheaton Precious Metals will post 1.5279738 earnings per share for the current year.

Insider Transactions at Wheaton Precious Metals

In other news, Senior Officer Patrick Eugene Drouin sold 18,640 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$62.02, for a total value of C$1,156,052.80. In other news, Senior Officer Gary Duncan Brown sold 1,857 shares of the firm’s stock in a transaction that occurred 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 the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$62.02, for a total value of C$1,156,052.80. Over the last ninety days, insiders sold 20,664 shares of company stock worth $1,272,782. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the subject of several research analyst reports. National Bankshares cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$75.00 to C$68.00 in a report on Friday, February 23rd. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform market weight” rating to a “sector perform overweight” rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their target price 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.

View Our Latest Report on WPM

Wheaton Precious Metals Company Profile

(Get Free Report)

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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