Wheaton Precious Metals (LON:WPM) Reaches New 12-Month High – What’s Next?

Wheaton Precious Metals Corp. (LON:WPMGet Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as GBX 5,989.14 ($77.52) and last traded at GBX 5,928.61 ($76.74), with a volume of 3003 shares changing hands. The stock had previously closed at GBX 5,890 ($76.24).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 5,900 ($76.37) price target on shares of Wheaton Precious Metals in a research report on Monday, March 17th.

Check Out Our Latest Research Report on WPM

Wheaton Precious Metals Trading Up 0.7 %

The firm’s 50-day moving average price is GBX 5,385.54 and its 200 day moving average price is GBX 5,005.61. The company has a market capitalization of £33.29 billion, a price-to-earnings ratio of 54.62 and a beta of 0.70.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.17 per share. This is an increase from Wheaton Precious Metals’s previous dividend of $0.16. This represents a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is currently 43.30%.

About Wheaton Precious Metals

(Get Free Report)

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.

Recommended Stories

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.