Wheaton Precious Metals (LON:WPM) Hits New 52-Week High – Should You Buy?

Wheaton Precious Metals Corp. (LON:WPM) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 6,281 ($81.56) and last traded at GBX 5,966.64 ($77.48), with a volume of 1449 shares changing hands. The stock had previously closed at GBX 5,990 ($77.78).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 5,900 ($76.61) price target on shares of Wheaton Precious Metals in a research report on Monday, March 17th.

Wheaton Precious Metals Stock Down 2.0 %

The business’s 50 day moving average is GBX 5,454.35 and its 200-day moving average is GBX 5,033.29. The firm has a market capitalization of £33.13 billion, a P/E ratio of 54.36 and a beta of 0.70.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.17 dividend. This represents a yield of 0.22%. The ex-dividend date is Tuesday, April 1st. This is a boost from Wheaton Precious Metals’s previous dividend of $0.16. Wheaton Precious Metals’s payout ratio is currently 43.30%.

Wheaton Precious Metals Company Profile

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.