Wheaton Precious Metals (LON:WPM) Sets New 1-Year High – Should You Buy?

Shares of Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 5,240 ($68.43) and last traded at GBX 5,180 ($67.64), with a volume of 9487 shares traded. The stock had previously closed at GBX 5,095.32 ($66.54).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 5,200 ($67.90) price target on shares of Wheaton Precious Metals in a report on Monday, October 7th.

Wheaton Precious Metals Stock Up 1.7 %

The company has a 50 day simple moving average of GBX 4,680.38 and a 200 day simple moving average of GBX 4,446.80. The company has a market capitalization of £23.50 billion, a price-to-earnings ratio of 5,290.83 and a beta of 0.70.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a yield of 0.27%. 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.