Wheaton Precious Metals Corp. (TSE:WPM - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$135.75 and last traded at C$135.35, with a volume of 573747 shares trading hands. The stock had previously closed at C$127.06.
Wall Street Analysts Forecast Growth
Several analysts have commented on WPM shares. Canaccord Genuity Group upped their target price on shares of Wheaton Precious Metals from C$131.00 to C$134.00 in a research report on Tuesday, June 10th. BMO Capital Markets upgraded shares of Wheaton Precious Metals to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus upped their target price on shares of Wheaton Precious Metals from C$107.00 to C$141.00 in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and an average target price of C$110.86.
Check Out Our Latest Analysis on WPM
Wheaton Precious Metals Trading Up 6.3%
The company has a market capitalization of C$42.82 billion, a price-to-earnings ratio of 70.26 and a beta of 0.70. The stock's 50 day moving average price is C$123.83 and its 200 day moving average price is C$111.40.
Wheaton Precious Metals Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 43.71%.
Wheaton Precious Metals Company Profile
(
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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.
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