Wheaton Precious Metals (LON:WPM) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Wheaton Precious Metals (LON:WPM) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 5,100 ($64.82) target price on the stock.

Wheaton Precious Metals Price Performance

Shares of LON WPM opened at GBX 4,415 ($56.11) on Tuesday. Wheaton Precious Metals has a 1 year low of GBX 3,040 ($38.64) and a 1 year high of GBX 4,956.15 ($62.99). The company’s 50-day moving average is GBX 4,079.50 and its 200 day moving average is GBX 3,800.90. The stock has a market capitalization of £20.01 billion, a P/E ratio of 4,328.43 and a beta of 0.63.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a $0.16 dividend. This represents a dividend yield of 0.28%. The ex-dividend date is Wednesday, May 29th. Wheaton Precious Metals’s payout ratio is presently 4,901.96%.

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.