Wheaton Precious Metals (LON:WPM) Stock Price Up 1.7% - Should You Buy?

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s share price shot up 1.7% on Tuesday . The stock traded as high as GBX 4,698.10 ($57.50) and last traded at GBX 4,679.84 ($57.28). Approximately 534 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 2,018 shares. The stock had previously closed at GBX 4,600 ($56.30).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 5,200 ($63.65) target price on shares of Wheaton Precious Metals in a report on Monday, October 7th.

Wheaton Precious Metals Stock Up 0.6 %

The firm has a market capitalization of £21.33 billion, a price-to-earnings ratio of 4,897.58 and a beta of 0.70. The firm's 50 day moving average is GBX 4,771.40 and its 200 day moving average is GBX 4,712.46.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.16 per share. This represents a dividend yield of 0.24%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is presently 4,895.83%.

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.