Wheaton Precious Metals (LON:WPM) Stock Price Up 1.6%

Wheaton Precious Metals Corp. (LON:WPM) shot up 1.6% during trading on Thursday . The company traded as high as GBX 4,244.07 ($53.31) and last traded at GBX 4,190 ($52.63). 146 shares were traded during mid-day trading, a decline of 93% from the average session volume of 2,038 shares. The stock had previously closed at GBX 4,125 ($51.82).

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price objective on Wheaton Precious Metals from GBX 4,500 ($56.53) to GBX 4,100 ($51.50) and set a “buy” rating for the company in a report on Thursday, February 22nd.

Wheaton Precious Metals Trading Down 4.1 %

The firm has a market capitalization of £18.22 billion, a price-to-earnings ratio of 4,276.60 and a beta of 0.66. The firm’s 50-day moving average is GBX 3,775.61 and its 200 day moving average is GBX 3,717.33.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.16 dividend. This represents a dividend yield of 0.35%. This is an increase from Wheaton Precious Metals’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is currently 5,212.77%.

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.