Wheaton Precious Metals (LON:WPM) Sets New 52-Week High – Here’s What Happened

Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high on Thursday . The stock traded as high as GBX 6,281 ($81.02) and last traded at GBX 5,966.64 ($76.97), with a volume of 1449 shares. The stock had previously closed at GBX 5,990 ($77.27).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 5,900 ($76.11) price objective on shares of Wheaton Precious Metals in a research note on Monday, March 17th.

Wheaton Precious Metals Trading Down 7.1 %

The firm’s fifty day simple moving average is GBX 5,496.44 and its 200 day simple moving average is GBX 5,046.67. The company has a market cap of £31.47 billion, a price-to-earnings ratio of 51.62 and a beta of 0.70.

Wheaton Precious Metals Increases Dividend

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

Wheaton Precious Metals Company Profile

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.