Wheaton Precious Metals Corp (WPM) Announces $0.09 Quarterly Dividend
Wheaton Precious Metals Corp (NYSE:WPM) declared a quarterly dividend on Thursday, November 9th, NASDAQ reports. Investors of record on Monday, November 27th will be given a dividend of 0.09 per share on Thursday, December 7th. This represents a $0.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, November 24th.
Wheaton Precious Metals has a dividend payout ratio of 59.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wheaton Precious Metals to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 52.2%.
Wheaton Precious Metals (NYSE WPM) traded down $0.02 during trading hours on Monday, reaching $20.96. The company had a trading volume of 2,374,263 shares, compared to its average volume of 3,162,947. The stock has a market capitalization of $9,281.09, a price-to-earnings ratio of 33.30, a PEG ratio of 6.87 and a beta of 0.30. Wheaton Precious Metals has a 52-week low of $16.94 and a 52-week high of $23.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.80 and a current ratio of 5.80.
Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, November 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. The firm had revenue of $203.00 million during the quarter, compared to analyst estimates of $220.84 million. Wheaton Precious Metals had a return on equity of 5.54% and a net margin of 24.02%. Wheaton Precious Metals’s revenue for the quarter was down 13.0% on a year-over-year basis. equities analysts anticipate that Wheaton Precious Metals will post 0.61 earnings per share for the current fiscal year.
WPM has been the subject of a number of recent research reports. Royal Bank Of Canada set a $27.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a report on Monday, August 28th. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 target price on shares of Wheaton Precious Metals in a report on Wednesday, September 6th. Zacks Investment Research downgraded Wheaton Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. TD Securities set a $28.00 price target on Wheaton Precious Metals and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, TheStreet raised Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Wheaton Precious Metals presently has a consensus rating of “Buy” and an average target price of $26.00.
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About Wheaton Precious Metals
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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