Wheaton Precious Metals Corp (WPM) Declares Quarterly Dividend of $0.09
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 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, November 24th.
Wheaton Precious Metals has a 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%.
Shares of Wheaton Precious Metals (NYSE:WPM) opened at $21.18 on Tuesday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.17. Wheaton Precious Metals has a fifty-two week low of $16.94 and a fifty-two week high of $23.06. The company has a market capitalization of $9,396.10, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 6.95 and a beta of 0.31.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Wheaton Precious Metals had a return on equity of 5.54% and a net margin of 24.02%. The business had revenue of $203.00 million during the quarter, compared to analyst estimates of $220.84 million. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. sell-side analysts expect that Wheaton Precious Metals will post 0.61 earnings per share for the current year.
A number of equities research analysts recently commented on the company. TheStreet upgraded Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, October 24th. BMO Capital Markets restated a “buy” rating and set a $28.00 price objective on shares of Wheaton Precious Metals in a research report on Wednesday, September 6th. TD Securities set a $28.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective (down previously from $27.00) on shares of Wheaton Precious Metals in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $26.00.
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Wheaton Precious Metals Company Profile
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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