Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders of record on Wednesday, August 21st will be given a dividend of 0.155 per share on Wednesday, September 4th. This represents a $0.62 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, August 21st.
Wheaton Precious Metals has increased its dividend by an average of 12.6% per year over the last three years. Wheaton Precious Metals has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wheaton Precious Metals to earn $1.59 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 39.0%.
Wheaton Precious Metals Stock Up 2.5 %
Shares of NYSE WPM opened at $60.52 on Tuesday. Wheaton Precious Metals has a twelve month low of $38.37 and a twelve month high of $63.06. The stock’s 50 day moving average price is $56.29 and its 200-day moving average price is $51.76. The company has a market capitalization of $27.45 billion, a PE ratio of 46.55, a PEG ratio of 2.14 and a beta of 0.76.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on WPM shares. Berenberg Bank boosted their target price on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Scotiabank boosted their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday. Jefferies Financial Group boosted their target price on Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Bank of America lifted their price target on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, BMO Capital Markets lifted their price target on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $67.50.
View Our Latest Research Report on Wheaton Precious Metals
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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