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. Shareholders 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 yield of 0.60%. The ex-dividend date of this dividend is Tuesday, April 1st.

Wheaton Precious Metals Price Performance

Shares of TSE WPM opened at C$109.95 on Wednesday. The business has a fifty day moving average price of C$99.19 and a 200 day moving average price of C$90.24. Wheaton Precious Metals has a 1-year low of C$65.01 and a 1-year high of C$112.21. The stock has a market capitalization of C$34.87 billion, a P/E ratio of 57.21 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Peel Hunt increased their price target on Wheaton Precious Metals from C$95.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. CIBC boosted their target price on shares of Wheaton Precious Metals from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. National Bankshares upped their target price on Wheaton Precious Metals from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research report on Monday, March 17th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, TD Securities raised their price target on shares of Wheaton Precious Metals from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Six research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.