Wheaton Precious Metals' (WPM) "Buy" Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Wheaton Precious Metals (LON:WPM - Free Report) in a research note published on Monday morning, Marketbeat.com reports. They currently have a GBX 5,900 ($76.18) price objective on the stock.

Wheaton Precious Metals Price Performance

WPM stock traded down GBX 61.72 ($0.80) during midday trading on Monday, hitting GBX 5,768.28 ($74.48). The stock had a trading volume of 1,954 shares, compared to its average volume of 2,199. The company's 50-day moving average price is GBX 5,242.17 and its 200 day moving average price is GBX 4,952.75. The firm has a market cap of £32.39 billion, a PE ratio of 53.14 and a beta of 0.70. Wheaton Precious Metals has a 12-month low of GBX 3,367.50 ($43.48) and a 12-month high of GBX 6,011.84 ($77.62).

Wheaton Precious Metals Increases Dividend

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