Berenberg Bank Reaffirms Buy Rating for Wheaton Precious Metals (LON:WPM)

Berenberg Bank restated their buy rating on shares of Wheaton Precious Metals (LON:WPM – Get Rating) in a research note issued to investors on Monday, LSE.Co.UK reports. The brokerage currently has a GBX 4,000 ($48.75) price target on the stock.

Wheaton Precious Metals Trading Up 4.7 %

Shares of Wheaton Precious Metals stock opened at GBX 3,555 ($43.33) on Monday. The company has a market capitalization of £16.07 billion, a P/E ratio of 2,355.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 17.67 and a current ratio of 18.18. The company has a fifty day moving average of GBX 3,523.96 and a 200 day moving average of GBX 3,181.35. Wheaton Precious Metals has a fifty-two week low of GBX 2,540 ($30.96) and a fifty-two week high of GBX 4,038.20 ($49.22).

Wheaton Precious Metals Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, March 23rd will be issued a $0.15 dividend. This represents a yield of 0.38%. The ex-dividend date of this dividend is Thursday, March 23rd. Wheaton Precious Metals’s dividend payout ratio is currently 3,355.70%.

Wheaton Precious Metals Company Profile

(Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.