Wheaton Precious Metals (LON:WPM) Hits New 12-Month High – Here’s Why

Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 5,240 ($68.43) and last traded at GBX 5,180 ($67.64), with a volume of 9487 shares traded. The stock had previously closed at GBX 5,095.32 ($66.54).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 5,200 ($67.90) price target on shares of Wheaton Precious Metals in a report on Monday, October 7th.

Wheaton Precious Metals Price Performance

The business’s 50-day moving average price is GBX 4,680.38 and its two-hundred day moving average price is GBX 4,446.80. The firm has a market cap of £23.50 billion, a price-to-earnings ratio of 5,290.83 and a beta of 0.70.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.16 per share. This represents a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio is currently 4,895.83%.

About Wheaton Precious Metals

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.