Wheaton Precious Metals Corp. (WPM) to Issue Quarterly Dividend of $0.21 on December 6th

Wheaton Precious Metals Corp. (TSE:WPM) announced a quarterly dividend on Thursday, November 21st,Zacks Dividends reports. Stockholders 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 0.98%. The ex-dividend date of this dividend is Thursday, November 21st.

Wheaton Precious Metals Stock Up 3.2 %

TSE WPM opened at C$85.32 on Tuesday. Wheaton Precious Metals has a 52 week low of C$52.15 and a 52 week high of C$94.84. The firm has a market capitalization of C$38.70 billion, a price-to-earnings ratio of 49.32 and a beta of 0.70. The company has a fifty day moving average of C$85.94 and a two-hundred day moving average of C$80.42.

Analyst Upgrades and Downgrades

WPM has been the topic of several research reports. Eight Capital raised their price target on Wheaton Precious Metals from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus raised their price target on Wheaton Precious Metals from C$90.00 to C$102.00 in a report on Monday, October 21st. Peel Hunt raised their target price 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 Bank Financial upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Stifel Canada downgraded 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.