Wheaton Precious Metals (LON:WPM) Hits New 12-Month High - Still a Buy?

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as GBX 6,324.31 ($83.39) and last traded at GBX 6,324.31 ($83.39), with a volume of 3690 shares. The stock had previously closed at GBX 5,980 ($78.85).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 5,900 ($77.80) price objective on shares of Wheaton Precious Metals in a report on Monday, March 17th.

Wheaton Precious Metals Price Performance

The company's 50-day simple moving average is GBX 5,611.30 and its 200-day simple moving average is GBX 5,102.36. The stock has a market capitalization of £35.16 billion, a price-to-earnings ratio of 57.69 and a beta of 0.70.

Wheaton Precious Metals Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a $0.17 dividend. The ex-dividend date was Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous dividend of $0.16. This represents a dividend yield of 0.22%. Wheaton Precious Metals's 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.