Wheaton Precious Metals (LON:WPM) Sets New 1-Year High After Dividend Announcement

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s share price reached a new 52-week high during trading on Friday following a dividend announcement from the company. The company traded as high as GBX 4,616.10 ($57.99) and last traded at GBX 4,400 ($55.28), with a volume of 7190 shares trading hands. The stock had previously closed at GBX 4,390 ($55.15).

The newly announced dividend which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a dividend yield of 0.28%. Wheaton Precious Metals's dividend payout ratio is 5,212.77%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price objective on shares of Wheaton Precious Metals from GBX 4,500 ($56.53) to GBX 4,100 ($51.51) and set a "buy" rating for the company in a research note on Thursday, February 22nd.

Wheaton Precious Metals Stock Performance

The firm has a market capitalization of £19.62 billion, a P/E ratio of 4,680.85 and a beta of 0.66. The firm has a 50 day simple moving average of GBX 3,861.70 and a two-hundred day simple moving average of GBX 3,735.04.

Wheaton Precious Metals Company Profile

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.