Wheaton Precious Metals (LON:WPM) Shares Down 0.8% - Here's What Happened

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s stock price was down 0.8% during trading on Thursday . The stock traded as low as GBX 6,300 ($83.84) and last traded at GBX 6,338.79 ($84.36). Approximately 1,261 shares traded hands during trading, a decline of 56% from the average daily volume of 2,847 shares. The stock had previously closed at GBX 6,390 ($85.04).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 5,900 ($78.52) price target on shares of Wheaton Precious Metals in a research note on Monday, March 17th.

Wheaton Precious Metals Stock Down 3.5%

The stock has a market cap of £32.31 billion, a PE ratio of 53.00 and a beta of 0.70. The business's fifty day moving average is GBX 5,966.62 and its 200 day moving average is GBX 5,310.64.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a $0.17 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous dividend of $0.16. Wheaton Precious Metals's 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.