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

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 6,281 ($79.95) and last traded at GBX 5,966.64 ($75.95), with a volume of 1449 shares. The stock had previously closed at GBX 5,990 ($76.25).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and set a GBX 5,900 ($75.10) target price on shares of Wheaton Precious Metals in a research report on Monday, March 17th.

Wheaton Precious Metals Stock Down 1.3 %

The stock has a market cap of £31.04 billion, a PE ratio of 50.93 and a beta of 0.70. The business has a 50 day moving average price of GBX 5,512.20 and a 200 day moving average price of GBX 5,055.53.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.17 dividend. This represents a yield of 0.22%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous dividend of $0.16. 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.