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

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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st.

Wheaton Precious Metals Stock Performance

TSE WPM opened at C$87.40 on Wednesday. The stock has a market cap of C$39.65 billion, a P/E ratio of 50.52 and a beta of 0.70. Wheaton Precious Metals has a fifty-two week low of C$52.15 and a fifty-two week high of C$94.84. The stock has a 50 day simple moving average of C$86.23 and a two-hundred day simple moving average of C$80.61.

Analysts Set New Price Targets

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

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.