Wheaton Precious Metals (LON:WPM) Reaches New 52-Week High – Should You Buy?

Wheaton Precious Metals Corp. (LON:WPM)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 5,240 ($68.03) and last traded at GBX 5,180 ($67.26), with a volume of 9487 shares changing hands. The stock had previously closed at GBX 5,095.32 ($66.16).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 5,200 ($67.51) target price on shares of Wheaton Precious Metals in a report on Monday, October 7th.

Wheaton Precious Metals Price Performance

The stock has a market cap of £23.91 billion, a price-to-earnings ratio of 5,489.58 and a beta of 0.70. The stock’s 50-day moving average is GBX 4,711.85 and its 200-day moving average is GBX 4,465.22.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a $0.16 dividend. This represents a dividend yield of 0.27%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio is currently 4,895.83%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.