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

Wheaton Precious Metals Corp. (LON:WPM) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 6,500 ($86.04) and last traded at GBX 6,418.83 ($84.96), with a volume of 4655 shares changing hands. The stock had previously closed at GBX 6,220 ($82.33).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 5,900 ($78.09) price objective on shares of Wheaton Precious Metals in a research report on Monday, March 17th.

Wheaton Precious Metals Stock Up 0.5 %

The company’s 50-day moving average is GBX 5,669.03 and its two-hundred day moving average is GBX 5,130.05. The company has a market cap of £36.27 billion, a P/E ratio of 59.51 and a beta of 0.70.

Wheaton Precious Metals Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were 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 dividend yield of 0.22%. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is currently 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.