Wheaton Precious Metals Corp. (LON:WPM – Get Free Report) traded down 1.4% during mid-day trading on Friday . The stock traded as low as GBX 3,750 ($47.08) and last traded at GBX 3,925 ($49.27). 3,302 shares changed hands during trading, an increase of 77% from the average session volume of 1,868 shares. The stock had previously closed at GBX 3,980 ($49.96).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank cut their price objective on Wheaton Precious Metals from GBX 4,500 ($56.49) to GBX 4,100 ($51.47) and set a “buy” rating on the stock in a report on Thursday, February 22nd.
Check Out Our Latest Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Performance
The company has a 50 day simple moving average of GBX 3,526.96 and a two-hundred day simple moving average of GBX 3,608.78. The company has a market cap of £17.78 billion, a PE ratio of 4,175.53 and a beta of 0.61.
Wheaton Precious Metals Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be paid a $0.16 dividend. This is a boost from Wheaton Precious Metals’s previous dividend of $0.15. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a dividend yield of 0.35%. Wheaton Precious Metals’s payout ratio is presently 5,106.38%.
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 10, 2017. Wheaton Precious Metals Corp.
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