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

Shares of Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high on Thursday . The stock traded as high as GBX 6,500 ($86.42) and last traded at GBX 6,418.83 ($85.35), with a volume of 4655 shares traded. The stock had previously closed at GBX 6,220 ($82.70).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 5,900 ($78.45) price target on shares of Wheaton Precious Metals in a research note on Monday, March 17th.

Wheaton Precious Metals Price Performance

The stock has a market capitalization of £35.42 billion, a price-to-earnings ratio of 58.11 and a beta of 0.70. The stock has a 50 day moving average price of GBX 5,703.97 and a 200-day moving average price of GBX 5,150.71.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were issued 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 of this dividend was Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is presently 43.30%.

About Wheaton Precious Metals

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.