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

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

Wheaton Precious Metals Trading Down 0.2 %

WPM opened at GBX 5,780 ($75.19) on Monday. Wheaton Precious Metals has a 1-year low of GBX 3,367.50 ($43.81) and a 1-year high of GBX 6,011.84 ($78.21). The company has a market cap of £32.46 billion, a P/E ratio of 53.25 and a beta of 0.70. The company has a fifty day moving average price of GBX 5,220.16 and a two-hundred day moving average price of GBX 4,946.57.

Wheaton Precious Metals Increases Dividend

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

About Wheaton Precious Metals

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.