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

Wheaton Precious Metals Corp. (LON:WPM) reached a new 52-week high during trading on Friday . The company traded as high as GBX 6,324.31 ($82.78) and last traded at GBX 6,324.31 ($82.78), with a volume of 3690 shares trading hands. The stock had previously closed at GBX 5,980 ($78.27).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 5,900 ($77.23) price target on shares of Wheaton Precious Metals in a research note on Monday, March 17th.

Wheaton Precious Metals Stock Up 5.4 %

The stock has a market capitalization of £35.39 billion, a P/E ratio of 58.07 and a beta of 0.70. The company has a 50 day moving average of GBX 5,611.30 and a 200-day moving average of GBX 5,098.10.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a $0.17 dividend. 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 (DPR) 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.