Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 5,989.14 ($77.43) and last traded at GBX 5,928.61 ($76.65), with a volume of 3003 shares traded. The stock had previously closed at GBX 5,890 ($76.15).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 5,900 ($76.28) price target on shares of Wheaton Precious Metals in a research note on Monday, March 17th.
View Our Latest Report on WPM
Wheaton Precious Metals Stock Performance
The company's 50 day moving average price is GBX 5,410.23 and its 200 day moving average price is GBX 5,018.10. The company has a market cap of £33.58 billion, a price-to-earnings ratio of 55.09 and a beta of 0.70.
Wheaton Precious Metals Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.17 per share. This represents a yield of 0.22%. This is a boost from Wheaton Precious Metals's previous dividend of $0.16. The ex-dividend date is Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is currently 43.30%.
Wheaton Precious Metals Company Profile
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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.
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