Wheaton Precious Metals Corp. Plans Quarterly Dividend of $0.17 (TSE:WPM)

Wheaton Precious Metals Corp. (TSE:WPM) announced a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.165 per share on Friday, April 11th. This represents a $0.66 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, April 1st.

Wheaton Precious Metals Stock Up 1.5 %

TSE WPM opened at C$111.67 on Tuesday. Wheaton Precious Metals has a 52-week low of C$63.87 and a 52-week high of C$112.21. The firm has a 50-day moving average price of C$98.69 and a 200 day moving average price of C$90.03. The stock has a market capitalization of C$35.41 billion, a P/E ratio of 58.11 and a beta of 0.70.

Analysts Set New Price Targets

WPM has been the subject of several recent analyst reports. TD Securities raised their price target on Wheaton Precious Metals from C$78.00 to C$83.00 and gave the company a “buy” rating in a report on Friday, March 14th. CIBC raised their target price on Wheaton Precious Metals from C$85.00 to C$88.00 and gave the company an “outperform” rating in a report on Friday, March 14th. Peel Hunt upped their price target on shares of Wheaton Precious Metals from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, National Bankshares boosted their price objective on shares of Wheaton Precious Metals from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$98.38.

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.