Wheaton Precious Metals (LON:WPM) Stock Price Up 1.2% - Here's Why

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) rose 1.2% on Friday . The stock traded as high as GBX 6,436.86 ($87.20) and last traded at GBX 6,436.86 ($87.20). Approximately 1,820 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 3,250 shares. The stock had previously closed at GBX 6,360 ($86.16).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 5,900 ($79.92) price objective on shares of Wheaton Precious Metals in a research report on Monday, March 17th.

Wheaton Precious Metals Trading Up 1.2%

The business has a fifty day moving average price of GBX 6,119.86 and a two-hundred day moving average price of GBX 5,441.16. The firm has a market capitalization of £37.62 billion, a PE ratio of 61.72 and a beta of 0.70.

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 paid a $0.17 dividend. The ex-dividend date was Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous dividend of $0.16. This represents a dividend yield of 0.22%. Wheaton Precious Metals's payout ratio is presently 43.30%.

Wheaton Precious Metals Company Profile

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.