Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High - Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 6,500 ($86.13) and last traded at GBX 6,418.83 ($85.05), with a volume of 4655 shares. The stock had previously closed at GBX 6,220 ($82.42).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 5,900 ($78.18) price objective on shares of Wheaton Precious Metals in a research note on Monday, March 17th.

Wheaton Precious Metals Stock Up 1.7 %

The firm has a market capitalization of £35.85 billion, a PE ratio of 58.82 and a beta of 0.70. The business's fifty day moving average price is GBX 5,738.71 and its 200 day moving average price is GBX 5,177.03.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.17 dividend. The ex-dividend date was Tuesday, April 1st. This is an increase from Wheaton Precious Metals's previous dividend of $0.16. This represents a yield of 0.22%. Wheaton Precious Metals's payout ratio is 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.