Wheaton Precious Metals’ (WPM) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Wheaton Precious Metals (LON:WPM) in a report released on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 5,900 ($76.75) target price on the stock.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at GBX 5,780 ($75.19) on Monday. Wheaton Precious Metals has a fifty-two week low of GBX 3,367.50 ($43.81) and a fifty-two week high of GBX 6,011.84 ($78.21). The stock has a market cap of £32.46 billion, a PE ratio of 53.25 and a beta of 0.70. The firm’s 50-day simple moving average is GBX 5,220.16 and its 200 day simple moving average is GBX 4,946.57.

Wheaton Precious Metals Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Wheaton Precious Metals’s previous dividend of $0.16. This represents a yield of 0.22%. Wheaton Precious Metals’s payout ratio is 43.30%.

Wheaton Precious Metals Company Profile

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.