Wheaton Precious Metals (LON:WPM) Hits New 1-Year High – Still a Buy?

Wheaton Precious Metals Corp. (LON:WPM) shares reached a new 52-week high during trading on Thursday . The company 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 reissued a “buy” rating and issued a GBX 5,900 ($76.11) target price on shares of Wheaton Precious Metals in a research report on Monday, March 17th.

Wheaton Precious Metals Price Performance

The business’s 50-day moving average price is GBX 5,496.44 and its 200-day moving average price is GBX 5,046.67. The firm has a market capitalization of £31.47 billion, a PE ratio of 51.62 and a beta of 0.70.

Wheaton Precious Metals Increases Dividend

The firm 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 dividend payout ratio (DPR) 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.