Wheaton Precious Metals Corp. (TSE:WPM) Plans Quarterly Dividend of $0.21

Wheaton Precious Metals Corp. (TSE:WPM) declared a quarterly dividend on Thursday, November 21st,Zacks Dividends reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.21 per share on Friday, December 6th. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, November 21st.

Wheaton Precious Metals Trading Up 3.2 %

Shares of Wheaton Precious Metals stock opened at C$85.32 on Tuesday. The company has a 50-day moving average of C$85.94 and a two-hundred day moving average of C$80.42. Wheaton Precious Metals has a 12-month low of C$52.15 and a 12-month high of C$94.84. The stock has a market cap of C$38.70 billion, a PE ratio of 49.32 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WPM shares. National Bank Financial raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. National Bankshares upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$90.00 to C$105.00 in a research report on Thursday, October 10th. Eight Capital boosted their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Peel Hunt lifted their price objective on Wheaton Precious Metals from C$82.00 to C$95.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their target price on Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$97.67.

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.