Wheaton Precious Metals (LON:WPM) Hits New 52-Week High - Still a Buy?

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 6,741.30 ($91.36) and last traded at GBX 6,693.28 ($90.71), with a volume of 7783 shares changing hands. The stock had previously closed at GBX 6,436.86 ($87.23).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 5,900 ($79.96) price objective on shares of Wheaton Precious Metals in a report on Monday, March 17th.

Wheaton Precious Metals Stock Up 1.7%

The stock's fifty day moving average price is GBX 6,152.87 and its 200-day moving average price is GBX 5,459.23. The company has a market capitalization of £38.20 billion, a price-to-earnings ratio of 62.67 and a beta of 0.70.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.17 per share. This represents a dividend yield of 0.22%. This is an increase from Wheaton Precious Metals's previous dividend of $0.16. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is currently 43.30%.

About Wheaton Precious Metals

Wheaton Precious Metals is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company.