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Wheaton Precious Metals (LON:WPM) Trading 1% Higher - Here's Why

Wheaton Precious Metals logo with Basic Materials background

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) shares shot up 1% on Friday . The stock traded as high as GBX 4,945.92 ($63.00) and last traded at GBX 4,905 ($62.48). 906 shares were traded during mid-day trading, a decline of 67% from the average session volume of 2,711 shares. The stock had previously closed at GBX 4,855 ($61.84).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 5,200 ($66.23) price target on shares of Wheaton Precious Metals in a research report on Monday, October 7th.

View Our Latest Stock Report on Wheaton Precious Metals

Wheaton Precious Metals Price Performance

The firm has a market cap of £22.25 billion, a price-to-earnings ratio of 5,109.38 and a beta of 0.70. The firm has a fifty day simple moving average of GBX 4,863.48 and a two-hundred day simple moving average of GBX 4,611.23.

Wheaton Precious Metals Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be paid a $0.16 dividend. This represents a yield of 0.24%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 4,895.83%.

About Wheaton Precious Metals

(Get Free Report)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

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